- Analytics
- News and Tools
- Market News
- Australia: RBA to keep the cash rate on hold – TDS
Australia: RBA to keep the cash rate on hold – TDS
FXStreet reports that the Reserve Bank of Australia (RBA) is set to announce its Interest rate Decision on Tuesday, 7 April at 04:30 GMT. Economists at TD Securities analyze three possible scenarios and the implications for the AUD/USD pair.
"We expect the RBA to keep the cash rate on hold at 0.25%. We don't anticipate the RBA to announce any adjustments to policy, but any indication on volume and frequency of purchases will garner attention."
"Dovish (20% prob): The RBA implies the pace of bond buying could increase. Points to risks of inflation falling sharply lower. AUD/USD at 0.59."
"Neutral Base Case (60% prob): The RBA had not been able to develop a set of forecasts given the heightened uncertainty and its confidence on the timing of the recovery still remains uncertain. Don't expect the Bank to reveal any information on the pace of bond buying, will assess and monitor. AUD/USD at 0.6050."
"Hawkish (20% prob): The pace of bond buying is expected to decrease. Global Central bank initiatives have made a difference, and are expected to see further improvements going ahead. The Bank indicates buying longer-dated bonds is NOT on the agenda. AUD/USD at 0.6185."
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
