2 Feb 2015
RBA, SMP take centre stage this week in Oz – UOB Group
FXStreet (Edinburgh) - In the opinions of analysts at UOB Group, Tuesday’s RBA meeting and the Statement on Monetary Policy (Friday) will be key for AUD.
Key Quotes
“After a string of unexpected moves by central banks as of late, the Reserve Bank of Australia’s (RBA) policy meeting on Tuesday will likely attract more attention than usual”.
“The Aussie has weakened noticeably in the past week as it was under increased selling pressure on the back of increasing expectations that RBA is the next central bank to join the “easing bandwagon” and cut its cash rate from the present 2.5%”.
“Whatever the RBA decides, more information on the policy outlook will come available when the RBA releases its Statement on Monetary Policy on Friday”.
Key Quotes
“After a string of unexpected moves by central banks as of late, the Reserve Bank of Australia’s (RBA) policy meeting on Tuesday will likely attract more attention than usual”.
“The Aussie has weakened noticeably in the past week as it was under increased selling pressure on the back of increasing expectations that RBA is the next central bank to join the “easing bandwagon” and cut its cash rate from the present 2.5%”.
“Whatever the RBA decides, more information on the policy outlook will come available when the RBA releases its Statement on Monetary Policy on Friday”.