The Reserve Bank of Australia left the cash rate at 1.5%, an announcement that was expected by every analyst surveyed by Bloomberg
And by ForexLive.
But … check out the response of the Australian dollar, marked up towards 0.7250 from circa 0.7210 just prior to the announcement. Musta been a few shorts about I guess (nominations for Captain Obvious awards gratefully accepted).
Read all about it!
- RBA announce no change to cash rate, on hold as expected
- Comparing the RBA Gov. Lowe's statement in February with his previous
On the final post (of the two), there are extensive changes in the Statement from Gov. Lowe. Curiously, though, except for the final paragraph which is completely unchanged. And its the final paragraph that many believe is the money shot, the one to watch. if so, complacency is alive and well at the RBA.
