BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
Central Banks Eye Gold, Reduce Dollar Exposure as AI Adoption Accelerates: OMFIF Survey 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
BOJ May Raise Japan Growth Forecast While Keeping Focus on Inflation Risks 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
RBA Minutes Signal Australia Central Bank Remains Ready to Raise Interest Rates if Inflation Persists 
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
Goldman Sachs Flags 3 Key Risks Ahead of Europe’s Earnings Season 
The Reserve Bank of Australia, on April 1, 2025, said it would keep the cash rate steady at 4.10%, as expected by markets following a February rate cut. The RBA reiterated that underlying inflation is coming down from its peak in 2022 and emphasized the importance of observing sustained inflation returning to the 2-3% target band.
Even accepting inflation has run out of steam, the RBA is wary of the unknowns of what lies ahead for the economy and inflation and is moving cautiously. The RBA considers monetary policy stance as at the moment tight and ready to move interest rates if conditions warrant, due to international developments and domestically within the economy.
The RBA will pay attention to changing data and risks and use them in future monetary policy, closely following world economic trends and maintaining its watchful eye over domestic demand. The move comes as the Australian government remains in caretaker mode ahead of the May 3, 2025, election, which may shape economic psychology and deliberation over policy.
