The unexpected decision of the Reserve Bank of Australia (RBA) to maintain interest rates forced the Australian dollar to grow slightly. Despite the threat of coronavirus and damage from forest fires, the RBA chose a wait-and-see position, making it clear that there was still no time to reduce it.
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However, RBA Governor Philip Low sets ambitious economic development goals: growth of about 2¾% this year and 3% next year, which will be a step forward compared with the growth rate over the past two years. Without easing monetary policy, achieving such a pace will be difficult. So now this #trigger (rate cut by 0.5%) is shifting to the March meeting.
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However, RBA Governor Philip Low sets ambitious economic development goals: growth of about 2¾% this year and 3% next year, which will be a step forward compared with the growth rate over the past two years. Without easing monetary policy, achieving such a pace will be difficult. So now this #trigger (rate cut by 0.5%) is shifting to the March meeting.
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Find out more: https://www.facebook.com/pg/FIBOGroup.Global/posts/?ref=page_internal
#fibogroup #forex #forexbroker #forexnews #forexanalysis #economics #economiccalendar #financing #treder #dollar #news #recentnews #forexforecast