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7/6/2021 3:27:51 AM GMT | By Anil Panchal
Alike every first Tuesday of the month, the Reserve Bank of Australia (RBA) is up for conveying the latest monetary policy meeting and Interest Rate Decision around 04:30 AM GMT. Following the event, Governor Philip Lowe s press conference, around 06:00 AM GMT, will also be crucial to watch as traders will seek details of action/inaction.
Contrary to the recent status-quo, the Aussie central bank has already signaled July action in its latest monetary policy meetings, which in turn keeps AUD/USD traders on their toes ahead of the key announcements.
Although broad market consensus doesn’t favor any changes in the benchmark interest rate of 0.10%, chatters over editing the 3-year yield targets and or purchase adjustments can’t be ruled out. The same contrasts with the Oz nation’s recent worries over the coronavirus (COVID-19) strains and mixed data.
Australia s central bank tapers QE campaign rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.