Bearish Cypher
The most important points before the rate decision and the interest rate statement tomorrow morning:
The RBA abandoned its confirmation that the next step is to raise interest rates
Many expectations suggest a rate cut this year
The bank cut its economic growth forecast at its last meeting
The Bank may prefer the negative outlook for the economy, such as the Reserve Bank of New Zealand
The Australian economy grew by 0.2% in the last quarter of 2018
Weak spending rates during December and January
Inflation at 1.8%
Sell below 0.7100, Details on the chart
The most important points before the rate decision and the interest rate statement tomorrow morning:
The RBA abandoned its confirmation that the next step is to raise interest rates
Many expectations suggest a rate cut this year
The bank cut its economic growth forecast at its last meeting
The Bank may prefer the negative outlook for the economy, such as the Reserve Bank of New Zealand
The Australian economy grew by 0.2% in the last quarter of 2018
Weak spending rates during December and January
Inflation at 1.8%
Sell below 0.7100, Details on the chart
Trade closed: target reached