Reserve Bank of Australia Cash Rate
RBA to Keep Interest Rates on Hold
Starts Tuesday, August 21, 2018 at 17:39
Updated Tuesday, August 7, 2018
The Reserve Bank of Australia is expected to keep the interest rates unmoved at 1.50%. Interest rates have been standing still since the RBA eased them from 2% back in 2016. The Australian macroeconomic events are showing that the Australian economy is in a decent shape and the RBA is expected to keep a neutral stance regarding their upcoming monetary policy decisions. Therefore, the attention this time will shift to the RBA rate statement. It will be much more interesting for forex traders to hear the RBA about the outlook of the economy since their biggest trading partner China is under some increased pressure from the White House administration. Please follow us for a live coverage in real time of the event by experienced analysts.
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About Reserve Bank of Australia Cash Rate
The Reserve Bank of Australia (RBA) discloses its monetary policy decisions on a monthly basis, February through December. Any adjustments made to the cash rate, also known as the overnight money market interest rate, have the potential to impact the Australian dollar (AUD) significantly.The decision to either raise or lower the cash rate is crafted by the RBA’s Reserve Bank Board. After each meeting, an announcement is made to the public regarding any changes to the cash rate. The new lending rates to go into effect the next day.Short-term cash rates are extremely important to valuations of the AUD. Rising rates are viewed as bullish for the AUD, while falling rates are bearish.