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RBA to keep policy unchanged but forecasts may rattle aussie

From xm.com

{video} The Reserve Bank of Australia will announce its latest policy decision on Tuesday (4:30 GMT) and is not anticipated to make any changes to the cash rate or its quantitative easing (QE) program. But as one of the newest members to the QE club, the RBA may also be the first to exit its emergency programs as the virus is brought under control in Australia and the Bank has had to make less purchases lately to keep the target on 3-year government bond yields at 0.25%. However, that’s not to say that everything will be rosy in the RBA’s quarterly economic assessment that’s due on Friday (01:30 GMT), meaning ... (full story)

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  • Category: Fundamental Analysis