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

This is going to be a bit of a tricky one. The "expectation" is that the RBA is going to raise the cash rate by 25 bps but as mentioned here last week, it is very much a close call. And even Australia's "big four" are split on the decision, with CBA and Westpac calling for a 25 bps rate hike while ANZ and NAB are seeing the central bank pause today.The part that may not make sense unless you're paying close attention is that markets are pricing in quite the opposite. The OIS market is showing th... Read More

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Content Topics

Heads

Monetary

Policy

Decision

Coming

Bottom

Hour

Forex

Posted: Aug 1 2023, 04:06

Author Name: forexlive

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