The RBA is expected to keep the benchmark lending rate unchanged at 4.35% in the early hours of tomorrow. The need to keep raising interest rates has eased massively as incoming inflation data shows positive signs. The Bank was forced into hiking rates as recently as November after inflation data headed in the wrong direction.
Markets anticipate the RBA will have...
USD
The Fed left interest rates unchanged as expected while dropping the tightening bias in the statement but adding a slight pushback against a March rate cut.
Fed Chair Powell stressed that they want to see more evidence of inflation falling back to target and that a rate cut in March is not their base case.
The latest US GDP beat expectations by a...