Early on Tuesday, the Reserve Bank of Australia (RBA) will announce its decision on interest rates at 2:30 pm AEST am in Sydney, Australia, 4:30 am GMT. The Australian central bank is widely expected to offer the year’s second rate cut of 25 basis points (bps) to its official cash rate. As a result, the key interest rate will flash the record low of 1.0% in order to combat challenges emanating from the labor market and inflation statistics. Market expectations TD Securities spot Australia's overnight index swap (OIS) curve to highlight 65% chances of the rate cut being priced in whereas Reuters’ poll turns more ... (full story)