The RBA is scheduled to have its last meeting for the year, and won’t meet again until February 2nd. The central bank's decision was not a complete surprise, with 67% of the experts in Finder's RBA cash rate survey predicting this move. Therefore, the next rate change can only be a raise. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. Given the relatively long period, the uncertainty around the end of the year, and geopolitical developments in January, the Reserve Bank is going to want to make sure everything is in order before going on holiday. This could give regulators some good insight into where inflation might be going. This could give regulators some good insight into where inflation might be going. As expected, the move lower was accompanied by a bigger foray into quantitative easing (QE) as well, with the RBA committing to purchasing $100 billion in government bonds of … Here are all the lenders passing on the RBA's November cut to borrowers. Let's start off with this chart…, Source: Brian Ostroff for Streetwise Reports   11/23/2020 Brian Ostroff, managing director at Windermere Capital and CEO of Arianne Phosphate, discusses the recent rise in agricultural commodity prices and their spillover into fertilizers. And it is far outpacing the levels seen during the last recession. About the RBA interest rate decision RBA Interest Rate Decision is announced by the Reserve Bank of Australia. The RBA has cut the official interest on Tuesday from 0.25% to 0.1%, as widely expected. ADIs can tap the TFF for three-year loans at up to … We are sharing this data with you because we believe the US…, Interestingly, this economic measure's "retracement of the decline from February is a Fibonacci 61%" By Elliott Wave International The 7.4% GDP growth in Q3 notwithstanding, the evidence shows that the U.S. economy remains fragile. Due to the level of risk and market volatility, Foreign Currency trading may not be suitable for all investors and you should not invest money you cannot afford to lose. It is trading at 0.7387, which is the highest it has been since September. While the RBA has been ensuring liquidity, the Australian population has been responding by putting aside for a rainy day and excess liquidity they have. UBank, ING and ME also make cuts. In the meantime, the AUD quite likely will be more subject to external factors, such as the ongoing tensions with China, than monetary policy. Monetary policy decisions involve setting a target for the cash rate. Orbex.com is owned by Orbex Group Limited and is operated by Orbex Global Limited with registered address: 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius. RBA Interest Rate Decision Discussion. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. The AUDUSD is holding steady ahead of the Reserve Bank of Australia (RBA) interest rate decision. The Australian Dollar will likely be under the spotlight early Tuesday with AUD price action hinging largely on the scheduled Reserve Bank of Australia interest rate decision due at 03:30 GMT. So much so that we expect the policy statement to be identical to last time, with the same forecasts. And it is far outpacing the levels seen during the last recession. As the debate around masks shows, just because politicians think something is a good idea, it doesn’t mean everyone is going to go along with it. How To Spot The End Of An Excess Phase – Part II →, How To Spot The End Of An Excess Phase – Part II, Look at These 2 Big Warning Signs for the U.S. Economy, Surging Agricultural Prices, $17 Trillion and Phosphate. A media release is issued at 2.30 pm after each Reserve Bank Board meeting, with any change in the cash rate target taking effect the following day. Pfizer Vaccine To Gain UK Regulatory Approval Imminently, Weekly Fundamental Bulletin: Busy Start to the Week. Predicting how a regulatory body might react to a given scenario is relatively easy. Given the relatively long period, the uncertainty around the end of the year, and geopolitical developments in January, the Reserve Bank is going to want to make sure everything is in order before going on holiday. While retail sales have shown a healthy rebound, there might be a cap on their growth as customers loathe to spend. So much so that we expect the policy statement to be identical to last time, with the same forecasts. finance; economy; interest rates; RBA faces tough rates call as election looms. No actual adjustments to interest rates are expected in the upcoming rate statement, but it’s important to note that a lot has changed in the coronavirus situation. EURUSD Intermediate Flat or Double Zigzag? Expectations are for the meeting to be uneventful. Westpac are expecting the RBA to cut the cash rate, the three year bond target to 10 basis points, and make new lending to banks, through the term funding facility, even cheaper at the same rate. The RBA can use lower interest rates to try to keep the economy moving, and if house prices do keep rising and start to get out of hand, we can use lending rules to control them. Today's decision marks the seventh month in a row without a change. This suggests that the RBA will have no reason to modify their policy in the near term. Reserve Bank of Australia (RBA) Interest Rate Decision is one of the most important economic events influencing the Australian dollar quotes. This is a situation that the RBA (unlike the Fed) doesn’t have experience dealing with. Ongoing interest rates for the CommBank GoalSaver Account will now sit at 0.65% p.a. The bank is largely averse to negative rates. Orbex Global Limited is authorized and regulated by Mauritius Financial Services Commission “FSC” (View License). With that, several analysts expect the RBA to be less chipper this time around, likely acknowledging that the outbreak could have more repercussions on the Australian economy than previously thought. Especially compared to not only predicting how an entire country’s population will react but incentivizing them to do something. Risk Disclosure: Foreign Currency trading and trading on margin carries a high level of risk and can result in loss of part or all of your investment. This suggests that the RBA will have no reason to modify their policy in the near term. This is likely to be the case for the next couple of months. Test your strategy on how the AUD will fare with Orbex - Open Your Account Now. RBA Interest Rate Decision should be Quiet Event Joe Perry April 6, 2020 9:24 PM ... (RBA) will be holding its regularly scheduled Interest Rate Decision meeting. The official cash rate is now 0.10%. Predicting how a regulatory body might react to a given scenario is relatively easy. After the historic rate cut to 0.1% at the last meeting, economists unanimously believe that the RBA will make no changes to policy this time. Demand pressure, inflation is likely to be the case for the next couple of months keep nation. Consumers buying on margin carries a high level of risk, and 1.00 % p.a encourage you to comments. Bulletin: Busy Start to the Week the levels seen during the last recession meeting or the accompanying statement sectors. 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