RBA Monetary Policy Statement, coming up!
The Reserve Bank of Australia on Tuesday cut the cash rate to a record low of 1.75 percent in a bid to head off falling prices and an economic slowdown. The first in a year came less than a week after a shock drop in core inflation, to well below the central bank’s 2 percent to 3 percent target. Most economists expect a second cut before the end of the year, although some say the June quarter inflation figure, out in August will determine the RBA’s next move. That’s why tonight’s (in aprox 30 minutes) Monetary Policy Statement could be interesting and AUD could feel the heat one more time after Tuesday. Be careful if you trade Aussie!
01:30 h (London time) 》 RBA Monetary Policy Statement!!!