How Everyone Got the RBA’s Interest Rate Call Wrong

The RBA Rate Cut That Didn’t Happen, And What Comes Next

On this week’s Australia Podcast: Why almost everyone was wrongfooted by the Reserve Bank on rates, and what they’re watching for now

How everyone got the RBA’s interest rate call wrong

Almost every analyst, investor and borrower expected a rate cut from the Reserve Bank on Tuesday. So why was their confidence so misplaced?

Economists feel the burn of the RBA rate cut that wasn’t

Economics teams at some of the country’s most prominent financial institutions found themselves wrong-footed on Tuesday, when the central bank decided to hold.

Here's the big four banks' revised interest rate predictions after the RBA left rates on hold

Yesterday, the Reserve Bank of Australia (RBA) shocked economists and investors by leaving interest rates on hold. The S&P/ASX 200 Index (ASX: XJO) fell 0.3% in response as the market digested the news.  Among those to get it wrong were the big four banks.  Commonwealth Bank of Australia (ASX: CBA), Westpac Banking Corp (ASX: WBC), ANZ Group Holdings Ltd (ASX: ANZ), and National Australia Bank (ASX: NAB) had all predicted the RBA would cut the o…

Wrong call - RBA rate hold unfairly dashes borrowers' hopes for relief - The Australia Institute

The Reserve Bank's decision to keep interest rates on hold at 3.85% means more unnecessary suffering for Australian borrowers.