{"id":52913,"date":"2007-05-02T09:30:32","date_gmt":"2007-05-01T23:30:32","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2007\/05\/02\/fnarena-alert-rba-keeps-rates-steady\/"},"modified":"2007-05-02T09:30:32","modified_gmt":"2007-05-01T23:30:32","slug":"fnarena-alert-rba-keeps-rates-steady","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2007\/05\/02\/fnarena-alert-rba-keeps-rates-steady\/","title":{"rendered":"FNArena Alert: RBA Keeps Rates Steady"},"content":{"rendered":"<p>By Greg Peel<\/p>\n<p>Ahead of last week&#8217;s first quarter CPI result, economists were fairly evenly divided as to whether the Reserve Band of Australia would increase rates in May. As many had expected, but not received, a rate rise in April, there was a growing belief that May would thus be likely.<\/p>\n<p>Then came the CPI result, pitching year-on-year at 2.4% instead of pushing 3% as consensus suggested. Immediately expectations of a rate rise went out the door, and indeed many now suggest there will not be a rise at all this year.<\/p>\n<p>The RBA does not explain its actions when it does &#8220;nothing&#8221; (even though we would argue making no change is a decision as well). There is a Statement on Monetary Policy due on Friday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The RBA surprised no one this morning by holding the cash rate steady this month.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/52913"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=52913"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/52913\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=52913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=52913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=52913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}