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Stock impact report

RBA Sticks to Neutral Bias, Keeps Cash Rate at 12-Year High [BNN Bloomberg (Canada)]

Toronto Dominion Bank (The) (TD) 
Last toronto dominion bank (the) earnings: 2/27 06:30 am Check Earnings Report
Company Research Source: BNN Bloomberg
The Reserve Bank held its cash rate at 4.35% for a fourth straight meeting on Tuesday, while raising its near-term inflation estimates and slightly reducing those for economic growth and unemployment. The updated forecasts used a technical assumption of no change in rates until mid-2025. Read more: RBA Raises Near-Term Inflation Forecast, Lowers Unemployment “The board expects that it will be some time yet before inflation is sustainably in the target range and will remain vigilant to upside risks,” the RBA said in a statement. “The board is not ruling anything in or out.” The Australian dollar fell as much as 0.6% to 65.87 US cents after the decision. The yield on policy sensitive three-year bonds dropped the most since February, as swaps traders pared bets of a rate hike this year. Stocks advanced. “Markets likely expected the RBA to revert back its old guidance of ‘a further increase in interest rates cannot be ruled out' given the Q1 inflation surprise,” said Alex Loo, a Show less Read more
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