RBA Rate Tracker
The RBA Rate Indicator shows market expectations of a change in the Official Cash Rate (OCR) set by the Reserve Bank of Australia.
The RBA Rate Indicator shows market expectations of a change in the Official Cash Rate (OCR) set by the Reserve Bank of Australia. The indicator calculates a percentage probability of an RBA interest rate change based on the market determined prices in the ASX 30 Day Interbank Cash Rate Futures.
The table below illustrates how market expectations of an interest rate change at the next RBA Board meeting have changed in the last few days. The RBA Rate Indicator is updated at the end of each business day so you can see any change in expectations after each trading day.
The RBA rate indicator provides market participants and commentators with a market monitor for official cash rate expectations in Australia
This calculation is predicated based on ASX Rate Indicator calculation
| Trading Day | No Change |
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Explanatory Note
The Target Rate Tracker uses the 30 day cash rate futures implied yields in calculating the probability of changes to the Overnight Cash Rate. Historically, the Overnight Cash Rate has generally been the same as the Official Cash Rate (Cash Rate Target). However, there are periods where the Overnight Cash Rate may be different to the Official Cash Rate (Cash Rate Target) depending on prevailing market conditions.
ASX's calculation of the probability of a change in the Official Cash Rate takes account of any difference between the Overnight Cash Rate and the Official Cash Rate.
Disclaimer
This information is indicative only. It is not investment advice and readers should seek their own professional advice in assessing the effect of the information in their circumstances. ASX Limited and its related corporations accept no responsibility for errors or omissions, including negligence, or for any damage loss or claim arising from reliance on the information. Futures and options trading involves the potential for both profits and losses and only licensed brokers and advisors can advise on this risk.
