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Heads up: RBA May monetary policy decision coming up at the bottom of the hour

This comes after the pause in April already, in case you missed it here. The OIS market is pricing roughly 87% odds of no change, with the remaining 13% odds siding with a 25 bps rate hike. And among Australia's "big four", only CBA is siding - marginally - with a potential 25 bps rate hike to come later today.Given the build up, I would expect the RBA to stick with the consensus view but perhaps reaffirm that they stand ready to resume rate hikes if need be. In other words, that would be somewh... Read More

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Content Topics

Heads

Monetary

Policy

Decision

Coming

Bottom

Hour

Forex

Posted: May 2 2023, 04:00

Author Name: forexlive

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