Market Expects RBA Rate Decision Amid Geopolitical Unrest
The Reserve Bank of Australia (RBA) is meeting today to make a decision on the country's cash rate. The Reserve Bank of Australia is expected to make a 25 basis point move during its upcoming meeting. Markets anticipate a high return against the US dollar due to safe-haven needs driven by geopolitical unrest. The outcome depends on whether Governor Bullock maintains a hawkish stance on inflation or shifts messaging toward slowing growth.
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Sources · 7 independent
2GB Sydney
“the RBA is meeting to decide on the cash rate.”
ABC NewsRadio AU
“The market take away from the upcoming RBA meeting is pretty simple. The high return against the US dollar because of some of the safe haven needs to have this geopolitical unrest.”
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