With the Reserve Bank of Australia (RBA) meeting looming, a change in interest rates in Australia is not expected by market participants. It is widely expected that the RBA will stay on hold with the interest rate, maintaining the historical low of 2.5% "We expect the RBA to keep the policy cash rate on hold at 2.50% at its 2 September meeting. This is in line with market expectations, with money markets pricing in only a 1% chance of a 25 basis points rate cut," analysts from Standard Chartered noted. Increased attention from market participants will be paid to Governor Glenn Steven's accompanying statement. ... (full story)