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Week Ahead – RBA rate decision and UK growth on the radar
video With most of the major central bank decisions in the rear-view mirror and volatility in bond markets coming down, a quieter week lies ahead for FX traders. Most of the focus will fall on the Reserve Bank of Australia's rate decision on Tuesday, where markets assign a 60% probability for a rate increase. Recent developments in Australia certainly favor another rate increase. Last week, the RBA Governor stressed that her central bank will not hesitate to raise rates further “if there is a material upward revision to the outlook for inflation”. Directly after those comments, inflation data for the third ... (full story)