AUSTRALIA INTEREST RATE DECISION PREVIEW: RBA SET FOR THIRD CONSECUTIVE HOLD DESPITE FALLING INFLATION
- Interest rate in Australia is seen on hold at 4.35% for the third consecutive meeting in March.
- Reserve Bank of Australia Governor Michele Bullock will hold a press conference at 04:30 GMT.
- The language in the RBA’s statement and Bullock’s presser hold the key for the Australian Dollar.
The Reserve Bank of Australia (RBA) is widely expected to hold the Official Cash Rate (OCR) steady at a 12-year high of 4.35% following the conclusion of its March monetary policy meeting on Tuesday. The decision will be announced at 03:30 GMT.
With a rates on-hold decision fully baked in, the Australian Dollar’s fate hinges on the tone or language in the policy statement, as well as on Governor Michele Bullock’s comments during the post-policy press conference. The presser will be held at 04:30 GMT.
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