RBA live: Interest rates announcement 

Welcome to our live coverage of the announcement of May of RBA. We will keep it updated with the announcement and expert comments of our economists.

Latest large bank predictions

1:01 pm

NAB has predicted a double rate cut today as three more cuts in December.

Westpac anticipates a cut today, as well as in August and November, with ANZ also predicting three more cuts this year.

Commonwealth Bank, the largest lender in Australia, forecasts a trimester rate cut by 2025.

Double rate cut rumors

12:46 pm

The conversation of a rate cut of 0.50% has been abundant since the last meeting of the Board, thanks in large part to the comments made for the first time by the treasurer Jim Chalmers in the period prior to the elections.

The National Australia Bank (NAB) is the only important bank that predicts a double rate cut for today, with chief economist Sally Auld who says that the RBA needs to quickly bring its policy to a more neutral position.

Inflation of the core again in the target band

12:33 pm

The average trimmed inflation is currently at its lowest level by quarterly reading in more than three years.

Upon reaching 2.9% for the year to April 30, it is also back in the target range of 2-3% RBA for the first time since December 2021.

This fall, within the Target range is the key piece of the puzzle, Governor Michele Bullock has repeatedly said that he is waiting to see.

What predicts markets for today?

12:22 pm

The predictions of the market of a rate cut have been stable during the last two weeks in the Australian values ​​exchange rate indicator.

As of May 19, the indicator shows the possibility of a rate cut of 0.5% to 3.60% to 51%.

It is the decision of cash rates

12.02pm

Welcome to our live coverage

Hello and welcome to our live coverage of today’s cash rate.

After maintaining the cash rate at its last meeting, the Australian Reserve Bank is widely predicted that it will announce a cut later this afternoon.

The current cash rate is 4.10%.

Do RBA governor rates Michele Bullock reduce rates? Image: Monique Harmer

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