Reserve Bank of Australia Rate Statement
The RBA Might Get More Hawkish After the Employment Report Last Month
Starts Tuesday, December 18, 2018 at 17:05
Updated Monday, December 3, 2018
The Reserve Bank of Australia will release the statement together with the interest rate decision this week. They are expected to keep interest rates unchanged. The statement should provide some insight into the RBA plans and expectations, and we saw a positive employment report last month from Australia. Will the RBA acknowledge the recent data and turn more hawkish? We will see from the statement. Please follow us for live coverage of this event and the impact it might have on the currency by experienced market analysts.
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About Reserve Bank of Australia Rate 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.