Loan Digest

RBA set for another hold in key interest rate as inflation runs high

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 23 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 72%

RBA News

AUDUSD,SEO,Inflation

The Reserve Bank of Australia (RBA) will announce its decision on monetary policy early on Tuesday.

Interest rate in Australia will likely stay unchanged at 4.35%. Reserve Bank of Australia Governor Michele Bullock to keep her options open. Australian Dollar bullish case to be supported by a hawkish RBA. The Reserve Bank of Australia will announce its decision on monetary policy early on Tuesday. Australian policymakers are widely anticipated to keep the Official Cash Rate unchanged at 4.35%.

Financial markets are optimistic despite global signs of stubbornly high inflation, while stock markets’ strength further underpins AUD/USD. Valeria Bednarik, FXStreet Chief Analyst, says: “The AUD/USD pair will likely extend its rally, should the RBA deliver a hawkish message. Flipping back to potential rate hikes could be a nice catalyst for those looking to add longs. The pair has met sellers in the 0.6640 price zone in March and in the 0.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Reserve Bank of New Zealand to Hold Interest Rate at 5.50%The Reserve Bank of New Zealand is expected to maintain the Official Cash Rate at 5.50% in its upcoming policy announcement. The market is anticipating a big reaction from the New Zealand Dollar.
Source: FXStreetNews - 🏆 14. / 72 Read more »