Reserve Bank of Australia Cash Rate

The Reserve Bank of Australia (RBA) is expected to keep interest rates on hold at 1.50%. It has kept the rates unchanged for many months, so there is not much action expected from the interest rate decision this time. The attention will shift to the RBA statement which will be released at the same time as the interest rate decision. The RBA was expected to cut interest rates in the the May meeting but they left them unchanged, although they cut them in June by 25 bps. The RBA did so again in the July meeting, but is expected hold on this time and keep rates at 1.00%. Although, they have let markets know that they will follow the FED, who cut rates in the last meeting. But, the RBA remained on hold in the August meeting. Can we get another surprise cut from the RBA today?  Please follow us for live coverage of this event and the impact it might have on the currency.