The post RBA projects growth to return to its trend rate of 2% over 2025 – BBH appeared on BitcoinEthereumNews.com.

AUD/USD is firmer on US Dollar (USD) weakness, BBH’s FX analysts report. RBA remains cautious which offers AUD support “Australia’s Q4 real GDP matched consensus. The economy grew 0.6% q/q vs. 0.3% in Q3. Both public and private expenditure contributed to the growth, supported by an increase in exports of goods and services. On an annual basis, real GDP was up 1.3% in Q4 slightly above the RBA’s 1.1% forecast. The RBA projects growth to return to its trend rate of 2% over 2025.” “RBA remains cautious which offers AUD support. Deputy Governor Andrew Hauser reiterated overnight that ‘the Board does not currently share the market’s confidence that a sequence of further cuts will be required.’” “Interest rate futures imply almost 75bps of easing in the next 12 months with the next 25bps cut priced-in for May as heightened trade tensions weighs on the global economic outlook.” Source: https://www.fxstreet.com/news/aud-usd-rba-projects-growth-to-return-to-its-trend-rate-of-2-over-2025-bbh-202503051015

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Filed under: News - @ March 5, 2025 10:23 am