GILES COGHLAN

GILES COGHLAN

textile australian flag with crumples

RBA: Not on a pre-set path

by

The Federal Reserve is like the pied piper of central banks. When the Fed takes a change in policy the implications trickle down to other central banks around the world. So,  it is not a huge surprise that the RBA has now switched to a meeting by meeting basis in a copy of the Fed’s move in July. The key phrase was that the RBA is ‘not on a pre-set path’. This sent the AUD lower immediately after the meeting as it is the RBA’s way of trying to balance tackling surging inflation, but in a way that can respond to slowing growth. Whether that is a policy mistake or not is for another time.

The decision to not be on a pre-set path

The hike was by 50bps as expected and the RBA repeated that they expect to take further action in the future. Inflation was put down to global factors (supply chain issues and the energy price rises), but domestic factors were also recognised. Inflation was recognised as being the highest it has been since the early 90’s at 6.1% y/y to the June quarter. Strong demand, a tight labour market, and capacity constraints were all cited as playing a role. 

Inflation and growth forecast

Inflation is forecasted to rise to 7.75% in 2022, 4% over 2023, and 3% over 2024. Growth is expected to grow 3.25% in 2022, 1,75% in 2023 and 1.75% in 2024. There is no major takeaway here aside from the fact that the RBA see inflation slowing into next year. Whether that happens or not will be key to the pace of interest rates.

Household spending remains uncertain

In the previous meeting the RBA raised a question over how households would be able to manage the different factors of rising interest rates and higher prices. This concern was repeated with the RBA stating that ‘ Higher inflation and higher interest rates are putting pressure on household budgets’. 

Bottom line

This was a dovish meeting and it would be reasonable to expect sellers from a retest of the AUDNZD resistance marked. However, this outlook will also depend on NZD data and monetary policy and it is a lower conviction.

AUDNZD sell bias

Read the full statement here

247 thoughts on “RBA: Not on a pre-set path”

  4. Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me?

  5. Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me?

  11. Begib dich mit der Deluxe-Variante des Klassikers Book of
    Ra™ auf die Spuren der geheimnisvollen Pharaonen. Liegst du
    richtig, wird der betreffende Rundengewinn sofort verdoppelt.
    Das großzügige Scatter-Symbol kann – sofern es gleich dreimal auf
    den Walzen erscheint – den jeweiligen Rundengewinn gleich 400-mal so hoch ausfallen lassen. Sizzling Hot™ deluxe ist klassische
    Fruit-Machine-Unterhaltung. Hier erlebst du selbst,
    warum Sizzling Hot™ deluxe bei Spielern aus aller Welt so beliebt ist.

    Book of Ra™ hat alle Voraussetzungen, mit nur wenigen Runden so große Jackpots wie noch nie einzubringen!
    Das Support-Team ist speziell für die Bedürfnisse deutscher Nutzer geschult und kann
    bei allen technischen und spielbezogenen Fragen helfen. Der SlotPark Kundendienst bietet deutschen Spielern umfassende Unterstützung in ihrer Muttersprache.
    Da die App keine Echtgeld-Gewinne auszahlt, liegt der Fokus auf der Kontrolle der Spielzeit
    und der In-App-Ausgaben. SlotPark nimmt verantwortungsvolles Spielen besonders ernst und bietet
    umfassende Tools zum Schutz deutscher Spieler.
    Unsere Plattform ist mobilfreundlich, sodass du auch unterwegs problemlos spielen kannst.
    Ein unterhaltsamer Slot mit Angel-Thema und lukrativen Freispielen. Du suchst nach einem Ort, an dem du die besten kostenlosen Slots spielen kannst, ohne dich anzumelden oder Geld zu riskieren?

    References:
    https://online-spielhallen.de/admiral-casino-sicher-spielen-grose-gewinne/

  12. We announce these limited-time offers through email and on-site notifications.
    This approach allows us to provide more substantial welcome bonuses and ongoing
    promotions. Our promotions include Monday free spins, tournaments, and
    cashback offers with clear wagering requirements.
    From here, you can view your balance, access games, and manage your profile settings.
    We require all players to complete our Know Your Customer (KYC) process before making
    withdrawals. Our streamlined process takes just minutes, and
    you can begin playing immediately after your first deposit.

    We honestly prefer the live chat option more because it’s quicker.
    The majority of people seem to be satisfied
    with their time on the website, which is a good sign of fairness and legitimacy.
    That’s the beauty of the no app approach – this legal casino simply works on nearly anything.

    References:
    https://blackcoin.co/australia-mobile-casinos-apps-the-complete-guide/

  13. Membership offers perks, including loyalty points, priority reservations, and exclusive event invitations.

    Crown Sydney sets the standard for exclusive gaming in Australia.

    Every table is set in a luxurious ambiance, with plush seating,
    personalized drinks service, and discreet security — ensuring a
    world-class gaming environment.
    The casino sets minimum and maximum wager limits for each game.
    You can select the table to wager on from your terminal. Each
    game round starts when the wagering period begins.
    Crown Spa Sydney offers a range of treatments including indulgent La Prairie facials and therapeutic Subtle Energies massages delivered by expert
    therapists in indulgent private suites. We take note of your table
    preference; however, table location is subject to change.
    Online reservations are recommended for lunch and dinner across Crown Sydney’s restaurants and bars, however walk-ins are
    also welcome, subject to availability. Crown Sydney strives to provide a luxurious and sophisticated
    experience for all guests and as such, a dress code applies at all times.

    References:
    https://blackcoin.co/best-payid-casinos-in-australia-15-sites-that-accept-payid/

  16. In said reviews, we always do our best to tell you just how trustworthy each casino is. In regards to Australian laws, Online.casino’s statements cannot be guaranteed. As you can see from our list, there are quite a few different types of casino platforms out there. There is, of course, nothing really groundbreaking or weird about this. Again, it is ultimately up to you to choose which game suppliers you like the most. Instead of sitting on your Bitcoin, Ethereum, Dogecoin, Ripple, and Shiba Inu tokens, you could also take them to a crypto casino in Australia.
    This guide shares my journey, packed with honest reviews, expert opinions,  insider tips, and everything I needed to play with confidence. Some of the verified sites we recommend are Rooster Bet Casino, Ricky Casino, and BetOnRed. No, in Australia you are not liable for taxes on casino winnings. With just a click on the options during the transaction, you’ll be able to deposit and withdraw in AUD. Once your account is verified and you meet the bonus wagering requirements, go to the Withdrawal section in your Wallet and select a payout method. Registering with operators who don’t follow the gambling laws Down Under and operate illegally is forbidden.

    References:
    https://blackcoin.co/ufo9-casino-your-place-to-play-your-way/

  21. Der dritte Bonus erfordert eine Einzahlung von mindestens €20 und ist ein Bonus von 100% bis zu €300 und 50 Freispiele für das Spiel Joker Stoker von dem Anbieter Endorphina. Der zweite Bonus aus dem Paket gewährt Dir einen 150% Bonus bis zu €300 und weitere 50 Freispiele, diesmal für das Spiel Joker Stoker vom Anbieter Endorphina. Die Freispiele aus diesem Bonus können nur mit dem Spiel Book of Ra Deluxe vom Anbieter Novomatic verwendet werden. Die Freispiele können mit keine anderen Slots gespielt werden, sondern mit dem Spielautomaten Book of Sirens. Wenn Du keine Einzahlung machen willst, kannst Du diesen Bonus erhalten, indem Du einfach ein Konto erstellst und die Verifizierung von Verde Casino durchläufst. In Bezug auf eine Zahlungsmethode Deiner Wahl hat Verde Casino viele und es ist ein Casino, das anständige Sicherheit bietet. Du kannst die Glücksspiele dieses Online Casinos von Spielautomaten bis hin zu Live Casino Spielen und mehr ausprobieren.
    Beide ermöglichen den Kunden eines Casinos, Spiele mit echten Geldeinsätzen zu spielen. Der Anbieter gibt bei den gratis Freispielen ähnliche Voraussetzungen wie beim Startguthaben vor. Ein Bonus ohne Einzahlung kann ein Startguthaben in einer bestimmten Höhe oder auch eine Promotion mit Freispielen sein. Die Spiele der Sektion können in zwei Formaten gespielt werden – online (gegen eine Software) und live (gegen einen Dealer/Host). Glücklicherweise besteht immer die Möglichkeit, den Meinungen der Mitspieler und zertifizierten Experten zu vertrauen. Das Verde Online-Casino ist ein schnell wachsender Spielbereich, in dem Sie mit einer Vielzahl von schnellen Spielen, spannenden Slots und klassischen Tischspielen viel Spaß haben können. Verde Casino hält Push-Hinweise bereit, etwa wenn ein frischer Verde Casino Bonus Code oder neue Freispiele live gehen.

    References:
    https://onlinegamblingcasino.s3.amazonaws.com/royal%20x%20casino.html

  22. 30 Tage, innerhalb derer du die 3.000€ umsetzen musst, um den Bonus freizuspielen und potenzielle Gewinne beanspruchen zu können. Einige Namen stechen in den deutschen Online Casinos besonders hervor, da sie mit ihren innovativen und benutzerfreundlichen Spielen das Spielerlebnis maßgeblich bereichern. Online Slots spielen eine zentrale Rolle in unseren Bewertungskriterien für Casinos. Unsere Online Casino Tests konzentrieren sich ausschließlich auf Anbieter mit offizieller deutscher Glücksspiellizenz.
    Pokerturniere finden regelmäßig statt und können online gebucht werden. Leider sind Poker, Blackjack und andere Tischspiele nicht verfügbar. Die Spielbank Bad Ems bietet 60 Spielautomaten, meist klassische Versionen.

    References:
    https://s3.amazonaws.com/onlinegamblingcasino/casino%20gewinnen.html

  23. Sie sollten aber natürlich auch dann von den Vorteilen solcher Promotionen profitieren, wenn Sie langfristig in einem Krypto Casino spielen. Sie möchten in einem Krypto Casino spielen, das Ihnen ein rundum stimmiges Gesamtkonzept für Ihr Hobby bietet und all Ihren individuellen Ansprüchen gerecht wird. Einige bieten auch regionale Dienste wie EPS Überweisung speziell für österreichische Spieler an.
    Ein Bonus ohne Einzahlung ist zwar selten, dafür gibt es häufig Bonusguthaben oder Freispiele für Ihre Krypto-Einzahlung, die Ihr Spielerlebnis deutlich verbessern können. Das Live Casino ist die beste Variante, um authentisches Casino Feeling auch online zu erleben. Außerdem kommen auch Würfelspiele wie zum Beispiel Craps dazu.

    References:
    https://s3.amazonaws.com/onlinegamblingcasino/pullman%20cannes%20mandelieu%20royal%20casino.html

  24. Außerdem liegen die Auszahlquoten der Online Slots oftmals über denen der Geldspielgeräte in Spielotheken und Kneipen. Natürlich müssen Sie beim Online Echtgeldspiel etwas vorsichtiger sein, als wenn Sie einfach in der nächstbesten, gesetzlich streng regulierten Merkur Spielothek zocken. Leider sind die Spielautomaten von Merkur seit 2019 nicht mehr online mit Echtgeld verfügbar. Im Online Casino sind die Magie Merkur Tricks allerdings nicht anwendbar, denn die Betreiber der Internet Casinos verwenden Sicherheitsvorkehrungen, um Casinospiele und Kundendaten vor Hackerangriffen zu schützen. Blackjack ist eines der bekanntesten und beliebtesten Kartenspiele im Casino.
    Damit spielen Sie den Bonus relativ schnell frei, denn Einsätze an Spielautomaten werden für gewöhnlich zu 100 % angerechnet. Um Doppelbuch zu spielen, müssen Sie die Anzahl an Gewinnlinien und den Linieneinsatz festlegen. Kann ich Doppelbuch auch mobil spielen? Merkur hat Doppelbuch nämlich als Instant Play Slot entwickelt, sodass Sie nicht einmal eine App herunterladen müssen, sondern bequem im Browser spielen können.

    References:
    https://s3.amazonaws.com/new-casino/beste%20online%20casinos.html

  78. Anonymous bucks game dining tables enable it to be novice bettors to play rather than fear, when you’re alive talk and you will email assistance are always offered to let answer any queries. Casinos for example Divaspin and NewLucky periodically element mobile-merely promos one encourage pages to test its most recent online game on the portable devices. Of many overseas casinos helping Australian continent today deal with Bitcoin, Ethereum, Litecoin, and you may stablecoins including USDT. You deposit finance, jump on the slots or table game, and—in the event the luck tilts the right path—cash out actual profits.
    These platforms strike a balance between excitement and real-world gain, attracting everyone from first-time punters trying their luck to experienced Aussies on the hunt for serious payouts. It’s the right fit for players who want rewards that scale with how long (and how often) they play. Ricky Casino leans into high bonus territory — and that’s the main play here. Their 100% Up To 500 AUD + Instant Bonus gives players a strong start while keeping things transparent and easy to use.
    After all, it ranks as one of the best paying online casinos in Australia. Let’s take a closer look at the best Australian online casinos, starting with our overall top-rated pick. Moving forward, we will explore the five best online casinos for Australians in detail, so keep reading. The best online casinos in Australia can be difficult to find with so many flashy ads promising the world. Some Australian online casinos are legit and hold a valid operating license, while others are not.

    References:
    https://blackcoin.co/best-online-casinos-australia-2025-a-comprehensive-guide/

  142. https://888starz.net.co/
    888Starz Colombia constituye una plataforma de casino online y casa de apuestas que cuenta con mas de 9.500 juegos disponibles, tales como tragamonedas, mesas de crupier en directo y una completa cobertura de eventos deportivos que abarca desde la Liga BetPlay hasta la UEFA Champions League y las competiciones de esports.

  143. https://ufc327odds.com/
    This Miami-held light heavyweight title fight at UFC 327 presents a classic pick’em for bettors, as former titleholder Jiri Prochazka (-142) and hot-streaking knockout specialist Carlos Ulberg (+120) get set to square off for the unclaimed belt. The extremely close odds underscore how comparable these two finishers really are, creating a scenario where a bet on either competitor hinges entirely on which dynamic fighting style you anticipate will come out on top.

  144. https://miamifightcard.com/
    When it comes to MediaFightCard, the gambling markets present a intriguing dynamic with champions positioned as underdogs and contenders occupying favorite status. In the marquee matchup for the available light heavyweight title, former champion Jiri Prochazka started as a marginal favorite at -143 over the surging Carlos Ulberg, who enters as a +116 underdog even with his nine-fight winning streak.

  145. https://sportium.net.co/
    A plataforma Sportium Colombia constitui um cassino e uma casa de apostas esportivas pela internet que opera com total legalidade mediante licenca da Coljuegos, resultado da alianca entre CIRSA e Ladbrokes a partir de 2007. Oferece uma estrutura confiavel e abrangente no qual os apostadores colombianos podem aproveitar a apostas em futebol ate caca-niqueis e cassino ao vivo com dealers reais, tudo no mesmo site.

  164. https://luckia.net.co/
    Luckia Casino, con mas de veinte anos de trayectoria desde su fundacion en 2002, se ha convertido en un casino online y casa de apuestas deportivas de referencia para el publico hispanoparlante, con Colombia incluida en 2026.

  166. https://rushbet.net.co/
    La plataforma Rushbet Colombia se presenta como un casino en linea y casa de apuestas deportivas que lleva operando legalmente en Colombia desde el ano 2021, amparado por la licencia expedida por Coljuegos y operado por la experimentada firma Rush Street Interactive.

  175. https://roobet.com.mx/
    Roobet se presenta como un casino de criptomonedas que aparecio en 2019 con una oferta novedosa: operar 100% con criptomonedas, poner a disposicion mas de 6,000 juegos de empresas lideres del sector y proporcionar extracciones rapidas, todo respaldado por la licencia de Curazao eGaming (numero 365/JAZ).

  183. https://bet365-bet.com.co/
    Bet365 en Colombia posee un permiso otorgado por Coljuegos para funcionar de manera legal en el pais, ofreciendo un casino online fiable que incluye una amplia variedad de slots, juegos de mesa y distintas actividades de azar, todo ello avalado por el historial global del operador de apuestas creada en el Reino Unido en 2000.

  184. https://duelbits.com.mx/
    Duelbits se presenta como un establecimiento virtual de apuestas y sitio de pronosticos deportivos con criptomonedas que presta servicios bajo permiso otorgado por Curazao , ofreciendo cobertura a jugadores mexicanos a partir de 2021 con version en castellano , servicio de ayuda ininterrumpido y una orientacion exclusiva en recargas, pagos y recompensas en cripto, perfecto para usuarios de 18 a 40 anos con conocimientos basicos o intermedios en criptomonedas que buscan juegos como Crash y Mines.

  188. https://betfair-bet.com.mx/
    Basado en el texto, Betfair representa un sitio de apuestas en linea y casino con mas de un cuarto de siglo en el mercado, nacido en territorio britanico en el 2000, y se distingue en todo el mundo debido a su original sistema de apuestas entre usuarios.

  198. https://betway-bet.com.mx/
    Betway Mexico es una plataforma de casino digital y tambien sitio de apuestas en deportes con practicamente 20 anos de presencia mundial, respaldado por licencias de autoridades estrictas tales como la MGA junto con la Comision de Juego del Reino Unido, ademas funciona respetando las disposiciones de SEGOB en Mexico en el pais.

  200. https://lebull.com.mx/
    Conforme a la informacion suministrada, Lebull constituye un casino online y centro de betting en deportes que se desempena dentro del territorio mexicano presentando un repertorio de mas de 10,000 juegos, una app movil completa y desarrolladores de maxima categoria entre los que destacan Pragmatic Play, NetEnt y NolimitCity.

  201. Khamzat Chimaev seems impossible to beat, but Sean Strickland is so awkward and durable that he has the potential to shock everyone, whereas the other bouts on the card showcase a knockout artist facing a grappler who remains unbeaten in the flyweight division, two heavyweight hitters, each sporting a concrete beard, a calculated war at welterweight, and a fight that’s pure old-school violence between two lightweight vets, where each matchup is constructed so that someone’s flawless strategy could unravel.

  202. What the text boils down to is that this coming UFC 328 event showcases five compelling fights spanning five weight classes, headlined by Khamzat Chimaev expected to win though not assured of overcoming Sean Strickland, who is both durable and hard to read in their middleweight championship fight, whereas the remaining four divisions on the card collectively deliver dangerous stylistic clashes making this lineup exciting and unpredictable.

  206. Khamzat Chimaev is forecasted to beat Sean Strickland by a judge’s ruling in a tough, back-and-forth fight, while the rest of the UFC 328 fight lineup includes multiple fights that could go either way, including Van managing to retain against Taira, Volkov securing a victory by late TKO, Buckley surprising Brady on the scorecards or by stoppage, and Green just edging past Stephens on points.

  209. UFC serves as the foundation of our mixed martial arts coverage, while we equally cover leagues like PFL, DWCS, and LFA for committed fans, following MMA means going beyond one promotion, while the news portion clarifies what the numbers actually mean — numbers our database painstakingly logs.

  210. GidStats grew out of a long-established collection of MMA fighter records and fight results, evolving into a platform that continues to aim for adding live updates and background information—a target that remains unrealized.

  213. https://saffa-luck.co.za/
    The Saffa Luck platform stands as a up-to-date internet casino along with betting platform developed especially for players based in South Africa, which operates with a valid permit in place and delivers a well-rounded journey both via the cellphone as well as through the laptop.

  214. https://roobet.com.mx/
    Roobet Casino constituye un actual casino en linea junto con plataforma de apuestas desarrollado especialmente para el publico mexicano, que opera con licencia oficial y pone a disposicion una experiencia completa tanto a traves del telefono inteligente como por medio de la computadora.

  218. https://zarbet-casino.co.za/
    Zarbet Casino stands as a modern online gaming platform along with sportsbook developed especially for the audience in South Africa, that functions in a fully authorised manner and offers a well-rounded journey from any mobile device as well as from the PC.

  219. https://betmaster-bet.com.mx/
    Betmaster Casino se presenta como un innovador sitio de apuestas digital asi como operador de apuestas creado especificamente para los jugadores en Mexico, que se maneja con licencia oficial y pone a disposicion un recorrido completo tanto a traves del telefono inteligente como a traves de la PC.

  225. https://betfred-play.co.za/
    Betfred Casino stands as a contemporary digital gambling site as well as betting platform built uniquely for the audience in South Africa, which operates in a fully authorised manner and delivers a well-rounded journey both from the mobile phone as well as from the PC.

  231. UFC 328 lands at the Prudential Center on May 9, 2026 with a loaded fight lineup. The UFC 328 main card is led by champion Khamzat Chimaev making a defense of his middleweight championship against Sean Strickland.

  232. https://bet-shezi.co.za/
    The Bet Shezi platform comes across as a modern internet casino together with sportsbook designed exclusively for the South African market, which runs with a valid permit in place and provides a full gaming adventure both via the cellphone as well as through the laptop.

  237. https://high-flyer.co.za/
    High Flyer comes across as a modern internet casino as well as betting platform built uniquely for the local Saffa public, that carries out its activity with a valid permit in place and provides a full gaming adventure from any mobile device as well as from the desktop.

  240. https://sportingbet-play.co.za/
    The Sportingbet platform comes across as a modern online gaming platform along with sports betting hub developed especially for players based in South Africa, which operates with a valid permit in place and provides a well-rounded journey both via the cellphone as well as through the laptop.

  243. https://tictac-bets.co.za/
    The TicTac Bets platform comes across as a innovative internet casino and bookmaker built uniquely for the local Saffa public, that functions in a fully authorised manner and delivers a full gaming adventure whether through a smartphone as well as from the desktop.

  245. https://bet-co.co.za/
    Bet.co.za Casino stands as a contemporary online casino along with sportsbook created specifically for the South African market, which operates under an official licence and offers an all-round proposition both from the mobile phone as well as from the computer.

  247. https://roobet.com.mx/
    Roobet constituye un contemporaneo portal de juego virtual asi como casa de apuestas disenado exclusivamente para el publico mexicano, que opera con licencia oficial y ofrece un recorrido completo tanto desde el celular como a traves de la PC.

Leave a Comment