RBA rate statement

RBA rate statement

The Reserve Bank of Australia will deliver its rate statement at 07:30 MT time on May 2. At the last meeting, the bank’s officials decided not to change their monetary policy stance and underlined rising risks in the housing market and persistently weak employment growth. At the upcoming meeting the board will likely stay on hold refusing to raise or cut interest rates. If there is a significant shift in the RBA’s statement, the Aussie will be affected.

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