Too … Good morning!
The Bank of the Bank of the Australian Reserve meets again today, the second day of what is now eight meetings annually.
At 2.30 PM AEDT will launch its very anticipated decision on the target of the cash rate.
In essence, it is the rate that banks use to solve debts with each other, but in reality it is the reference point used to price cost of money.
To deal with the increase in inflation, our Central Bank made its most steep cycle of hiking rates, increasing them to try to get excess money and ‘heat’ from the economy, and stop the rhythm of price increases.
The rates began to increase in May 2022, but the most recent elevator was 4.35% in November 2023. Since then, the rate of the rate has looked like a table mountain, growing financial pressure on people with great debts: namely people with mortgages.
The monetary market consensus is that there will be a reduction of points of 25 bases, carrying the rate to 4.1%. Banking economists and contracts that essentially bet on what will happen are aligned in this position.
But none of those people have a seat at the table of the Bankroom of the Bank of the Australian Reserve. So we have to wait until 2.30 PM AEDT to get an answer.
Prepare.
Charging
