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Remember: RBA rate decision in less than 6 hour

Remember: RBA rate decision in less than 6 hour

The Reserve Bank of Australia will announce their February decision at 10:30 PM ET with the expectations of a 25 basis point hike. That would take the cash rate to 3.35% from 3.10%.

Recall that the fourth quarter CPI data came in much stronger than expected at 1.9% a few weeks back. That should keep the Reserve Bank of Australia in play. Traders will also be monitoring for any clues to forward guidance. Currently market expectations are for another 25 basis point hike when the central... Read More

Posted: Feb 6 2023, 21:05
Author Name: forexlive
Views: 110794

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