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ES
RBA Set to Hold Rates in September as Markets Eye Bullock’s Guidance
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The Reserve Bank of Australia (RBA) is expected to keep its benchmark interest rate unchanged at 3.60% during the September 30 meeting, as inflation remains stickier than anticipated.
While labor market growth has softened, unemployment remains steady, and second-quarter GDP growth was solid.
Commonwealth Bank, Westpac, and NAB share similar expectations of a hold this month, though NAB predicts the next rate cut won’t arrive until May 2026.
For markets, the ASX 200 remains in focus after rallying to record highs in August on optimism over easing monetary policy.
Analysts suggest a cautious but steady RBA stance may lend further support to the currency, especially if rate cuts are delayed.