News Brief: RBA Holds Interest Rates Steady
Summary
The Reserve Bank of Australia (RBA) has kept the official cash rate on hold at 3.6% for its November meeting, as widely anticipated. This decision follows recent data showing a higher-than-expected inflation jump in the September quarter. The RBA has also revised its inflation forecasts upwards for the coming year.
Key Points
- Rate Decision: The RBA left the cash rate unchanged at 3.6%.
- Inflation Outlook: The RBA now forecasts higher inflation over the next 12 months compared to its August predictions.
- CPI forecast for June 2025 raised to 3.7% (from 3.1%).
- Trimmed mean inflation forecast for June 2025 raised to 3.2% (from 2.6%).
- Future Meetings: The final RBA Board meeting for 2024 is scheduled for December 8-9. Economists rule out a rate cut at that meeting, with some suggesting the next move could even be a rate hike depending on economic performance.
- Expert Commentary: Economists describe the RBA as being “between a rock and a hard place” with high underlying inflation but a weakening economy and slowing job market. Rate cuts are now expected to be pushed back to late 2025, if they occur.
新闻简报：澳大利亚联储维持利率不变
总结
澳大利亚储备银行（RBA）在11月的会议上，如市场普遍预期，将官方现金利率维持在3.6%不变。这一决定是在近期数据显示9月季度通胀涨幅超出预期之后做出的。澳联储还上调了对未来一年的通胀预测。
关键点
- 利率决定： 澳联储将现金利率维持在3.6%不变。
- 通胀展望： 与8月份的预测相比，澳联储现在预测未来12个月的通胀率会更高。
- 2025年6月CPI预测上调至3.7%（原为3.1%）。
- 2025年6月核心通胀（截尾均值）预测上调至3.2%（原为2.6%）。
- 未来会议： 2024年最后一次澳联储董事会会议定于12月8日至9日举行。经济学家排除了在本次会议上降息的可能性，甚至有人指出，根据经济表现，下一步行动可能是加息。
- 专家评论： 经济学家认为澳联储处境”进退两难”，一方面基础通胀过高，另一方面经济疲软、就业市场持续放缓。降息预期现已被推迟至2025年下半年，且存在不确定性。
Original Article Link: https://www.abc.net.au/news/2025-11-04/rba-keeps-rates-steady-in-november-2025/105969614