Reserve Bank of Australia Cash Rate
RBA to Keep Interest Rates Unchanged
Starts Wednesday, October 17, 2018 at 02:59
Updated Tuesday, October 2, 2018
The Reserve Bank of Australia is expected to keep interest rates on hold at 1.50%, so the attention will shift to the statement.
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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.