{"id":76691,"date":"2024-02-06T10:14:58","date_gmt":"2024-02-06T08:14:58","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=76691"},"modified":"2025-12-11T14:04:18","modified_gmt":"2025-12-11T12:04:18","slug":"rbas-remains-on-hold-yet-hints-at-future-rate-hikes","status":"publish","type":"post","link":"https:\/\/www.ironfx-cn.com\/ph\/rbas-remains-on-hold-yet-hints-at-future-rate-hikes\/","title":{"rendered":"RBA\u2019s remains on hold, yet hints at future rate hikes"},"content":{"rendered":"

The RBA remained on hold as was widely expected, yet the bank has reiterated its concerns that inflationary pressures still remain high in the economy. In particular, the bank stated in its accompanying statement<\/a> that \u201ca further increase in interest rates cannot be ruled out\u201d, implying that the bank may increase its interest rates in the future, which could provide support for  the Aussie. According to the FT and CNBC, UBS (#UBS) has reported its second quarter loss after rescuing Credit Suisse, yet the loss was lower than expected which could alleviate some concerns. Furthermore, according to the FT UBS will be re-instating its dividend of 0.70 per share in addition to announcing a share buyback program of up to $1bn of shares in 2024, which could provide support for the company\u2019s stock price in the long run. According to Reuters, China\u2019s securities regulator unveiled more curbs on short selling, an indication that the Government may be concerned about the economic stability of the Chinese stock market. As such, the continued intervention could be worrying in the long run, as a lack of confidence in the Chinese economy continues to mount. BoE Chief economist Huw Pill implied yesterday that the possibility of a rate cut is a question of when and not if. Thus, the perceived dovish statements may weaken the pound. Although it should be said that Pill is not \u201cyet confident in inflation to reduce rates\u201d.<\/p>\n\n\n\n

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