Tomorrow we have the most important event of the economic calendar for the whole month: the RBA’s interest rate decision. There are several reasons why it could provide some extra volatility. After two back-to-back cuts in the rate, a third is unlikely at this point. But the bank far from shut the door on further moves in the short term. We’ll be especially interested this time around in how the RBA perceives the economy and market’s reaction to their moves. We are only now getting the first bouts of data that which the cuts could have influenced. So, there is plenty of reason for the bank to hold steady until they ... (full story)