The Reserve Bank of Australia is due to announce its next policy decision on Tuesday at 0430 GMT and is widely expected to keep interest rates unchanged, pausing after two consecutive cuts. However, with the Australian dollar coming under heavy selling pressure over the past week, its clear investors are anticipating more reductions in the months ahead. Hence, the language in the RBA’s statement will be carefully examined for clues about the likely scale of future cuts. RBA to pause [..]
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