In today's Reserve Bank of Australia's (RBA) monetary policy decision, as widely expected, the Central Bank decided to keep its interest rate on hold at a record low of 1.5%, with the policy statement being interpreted as neutral.
AUD reaction to RBA decision
The Reserve Bank of Australia kept the cash rate (interest rate) unchanged as expected, but sounded a little bit hawkish on inflation.
The technical recovery in the AUD/USD pair is likely to continue, indicates the risk reversals gauge. The one-month 25 delta risk ...
What is the RBA?
The Reserve Bank of Australia (RBA) is Australia's central bank and derives its functions and powers from the Reserve Bank Act 1959. Its duty is to contribute to the stability of the currency, full employment, and the economic prosperity and welfare of the Australian people. It does this by setting the cash rate to meet an agreed medium-term inflation target, working to maintain a strong financial system and efficient payments system, and issuing the nation's banknotes.
The RBA provides certain banking services as required to the Australian Government and its agencies, and to a number of overseas central banks and official institutions. Additionally, it manages Australia's gold and foreign exchange reserves.
Who is RBA's president?
Interest rates latest news
The World Interest Rates Table
The World Interest Rates Table reflects the current interest rates of the main countries around the world, set by their respective Central Banks. Rates typically reflect the health of individual economies, as in a perfect scenario, Central Banks tend to rise rates when the economy is growing and therefore instigate inflation.