RBA Rate Decision: To Hold, But What Comes Next?

From orbex.com

Economists and analysts are pretty much in unison in expecting that the RBA rate will keep steady at the conclusion of its August meeting tomorrow. The main issue for how the Aussie reacts, however, is what is forecast to happen beyond that. Until recently, the expectation was that the RBA would be biased towards hiking the RBA rate in near future. But the latest data has changed that perspective. The question for traders and the market now is whether the central bank agrees with the market, or it keeps to the tone suggesting that more RBA rate could be possible. It’s been pretty common for the markets to get ahead ... (full story)