The Reserve Bank of Australia (RBA) is set to follow the US Federal Reserve (Fed) and stand pat on Tuesday when it will announce its interest rate dec
The Reserve Bank of Australia could leave the door open for more interest rate hikes.The Reserve Bank of Australia is set to follow the US Federal Reserve and stand pat on Tuesday when it will announce its interest rate decision..
More policy action is expected from China, including relaxing restrictions on home buying. China’s embattled property developer, Country Garden, won approval from its creditors to extend payments for an onshore private bond on Monday. The RBA interest-rate decision will likely provide near-term direction in the AUD/USD pair amid a relatively data-light week. The Australian central bank’s outgoing Governor Philip Lower is scheduled to deliver a speech titled "Some Closing Remarks" at the Anika Foundation, in Sydney, on Friday.The Reserve Bank of Australia is widely expected to maintain the Official Cash Rate unchanged at 4.10% following its September monetary policy meeting scheduled on Tuesday.
The country’s Unemployment Rate ticked higher to 3.7% in July, as against the expectations of 3.5% and the previous reading of 3.5%. Employment declined by 14.6K in July, compared with the consensus forecast of a 15K increase and 32.6K jobs addition seen in June. Deteriorating labor market conditions ease pressure on wage growth and demand-driven inflation.
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