EURAUD HIT multi-month High resistance level and AUD hit multi-month lower support yesterday nothing surprise RBA ON rate decision. coming weeks market will do some correction.
RBA Interest Rate Decision
Previos: 1.00%
Actual: 1.00%
The Reserve Bank sets the target 'cash rate', which is the market interest rate on overnight funds. It uses this as the instrument for monetary policy and influences the cash rate through its financial market operations. Decisions regarding the cash rate target are made by the Reserve Bank Board and explained in a media release announcing the decision at 2.30 pm after each Board meeting.
RBA Interest Rate Decision
Previos: 1.00%
Actual: 1.00%
The Reserve Bank sets the target 'cash rate', which is the market interest rate on overnight funds. It uses this as the instrument for monetary policy and influences the cash rate through its financial market operations. Decisions regarding the cash rate target are made by the Reserve Bank Board and explained in a media release announcing the decision at 2.30 pm after each Board meeting.