Reserve Bank of Australia Monetary Policy Statement - Economic Calendar - Strategia Forex

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Reserve Bank of Australia Monetary Policy Statement

WiIl the RBA Hint at Further Cuts?

Starts Tuesday, October 1, 2019 at 04:30
Updated Tuesday, October 1, 2019
The Reserve Bank of Australia sounded dovish on their rate statement in the last meeting. They were expected to cut interest rates to 1.25% in May, but they didn't, although they cut rates in June. They did so again in July and this wasn't unexpected. They sounded increasingly dovish and also commented that they will likely follow the FED with the monetary policy.The FED delivered a rate cut in July and another in September, so the RBA should be on that side as well, and that's why it will be interesting to see where they stand now. Let's keep an eye on the statement for rate cut clues. Please follow us for live coverage of this event by experienced market analysts. 

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About Reserve Bank of Australia Monetary Policy Statement
The RBA Monetary Policy Statement is a synopsis of current economic conditions prevalent in Australia. It is an assessment of economic growth, capital market performance, and serves as a release of the RBA’s adopted monetary policy.The RBA Cash Rate is the “overnight money market interest rate,” or the “prime rate” assigned to loans in Australia. It is determined by the Reserve Bank Board and released shortly after each meeting concludes. The RBA Cash rate is revisited every calendar month except for January.  The primary goals of the RBA are to promote pricing stability and ensure long-term economic growth. Inflationary concerns are addressed directly in the RBA Statements, including measures taken to mitigate any negative impact upon the domestic economy. A hawkish tone toward the Australian dollar (AUD) is viewed as being bullish, while a dovish perspective is widely accepted as bearish.The RBA Monetary Policy Statements are a key market moving event for valuations of the AUD. Heightened volatility is commonplace surrounding the release, with traders and investors forming opinions on future policy moves during the commentary. 
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