The decision of the Reserve Bank of Australia on monetary policy!
Dear traders,
At 07:30 on Tuesday, the Reserve Bank of Australia’s decision on the interest rate will be announced.
Most economists suggest that Australia’s central bank 18 times in a row will not change the current record low interest rate of 1.5% and will keep the monetary policy unchanged.
Most likely, the rhetoric of the statements of the Reserve Bank of Australia will become less confident about economic growth by at least 3% this year. Therefore, in the coming months, the interest rate increase will not happen.
Also, in Australia, reports on the volume of retail sales and on the balance of trade will attract attention.
Investors predict that the central bank of Australia will keep monetary policy unchanged until early 2019. (Investing.com)
While trading on the Australian dollar, be sure to consider the release of this news!
Have a good evening!
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