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RBA Preview: Forecasts from eight major banks, fairly low surprise potential

From fxstreet.com

The Reserve Bank of Australia (RBA) will announce its decision on monetary policy on Tuesday, October 5, at 05:30 GMT. As we get closer to the release time, here are the forecasts by the economists and researchers of eight major banks regarding the upcoming central bank's decision. All policy settings are likely to be unchanged. The AUD/USD pair is recovering ground ahead of the event and could extend its gains once above 0.7330, according to FXStreet’s Chief Analyst Valeria Bednarik. ING “The RBA is not expected to change policy rates. With the US Fed creeping closer to formally signalling a 2022 liftoff, the RBA ... (full story)

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  • Category: Fundamental Analysis