The decision of the Reserve Bank of Australia on monetary policy! TONIGHT!
Dear traders,
At 07:30 on Tuesday, the Reserve Bank of Australia’s decision on the interest rate will be announced.
Most economists predict that the central bank of Australia will leave the interest rate unchanged at a record low of 1.5% for 21 consecutive times. This will be the longest period of the unchanged monetary policy of the Reserve Bank of Australia since 1990.
It is predicted that central bank officials will express concerns about the value of inflation and will clearly report that raising the interest rate is a matter of distant prospects.
Philip Lowe has long argued that the next action would be an increase in the interest rate rather than its decline. However, up to now, he has emphasized that the management of the central bank of Australia does not yet see the need to tighten monetary policy in the near future.
Investors believe that the current monetary policy of the Reserve Bank of Australia will not increase by 25 basis points until July 2019. (Investing.com)
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