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RBA Preview: Will They Cut?
The Royal Bank of Australia (RBA) meets tomorrow morning (tonight at 10:30pm EST) and the market expects the Central Bank to leave rates on hold at 0.75%. The RBA last cut rates on September 3rd, 2019 after cutting twice earlier in the year. They last met on December 3rd and in their statement the RBA said they would continue to monitor labor markets, as well as domestic and global factors (which included Phase One of the US-China trade deal), As with many other central banks, they also said it is reasonable to expect low rates for an extended period of time. However, since their last meeting the Central Bank has new ... (full story)