The decision of the Reserve Bank of Australia on monetary policy!
Dear traders,
At 05:30 on Tuesday (Kiyv), the decision of the Reserve Bank of Australia on the interest rate will be announced.
Most economists suggest that Australia’s central bank for the sixteenth consecutive time will not change the current record low interest rate of 1.5% and keep the monetary policy unchanged, as the risk of raising debts in real estate crediting is counterbalanced by low inflation. The construction sector of Australian houses recently began to slow down after the rapid growth rate of recent years.
Reports on the volume of retail sales and on the trade balance in Australia will also attract attention.
In addition, on Friday, the Reserve Bank of Australia will publish a quarterly report on monetary policy, in which it will provide more detailed information on the forecasts made on the economic growth of the country.
Make money on the news!
Follow the comments of Ester experts on the company’s website! (Active links below)
We would like to remind you that you can always get acquainted with the upcoming news in the Economic Calendar, and in the Analytics section there are technical analysis, experts’ opinions and news feed!
Hotline +448 000 698 464