...because you never know - until you do!
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Will the RBA Cut Rates?
Later today the RBA will meet to decide on its rate policy, setting up the most important economic event for the month for the AUD. It also could give us the most volatility because there’s no fully formed consensus on what the RBA will do. Some analysts argue that a rate cut is a sure thing, while others say the market is getting ahead of itself. The bank cut the reference rate as recently as their last meeting, so this would be the first back-to-back cut in over a decade. However, the market is arguing that further stimulus is needed. In the last policy statement, Governor Lowe somewhat agreed. He said that it was ... (full story)