Tuesday, August 3, 2010

Australia: RBA decides to leave the interest rate unchanged at 4.50%


Forex Special

(Córdoba) - The Reserve Bank of Australia decided to keep the interest rate at 4.50% in August for third consecutive month as widely expected for most surveyed economists. 

"The current setting of monetary policy is resulting in interest rates to borrowers around their average levels of the past decade. With growth likely to be close to trend, inflation close to target and the global outlook remaining somewhat uncertain, the Board judged this setting of monetary policy to be appropriate", said the Reserve Bank of Australia today.

The Australian dollar rose around 20 pips immediately after the release. AUD/USD is at 0.9115 from the 0.9090 zone. AUD/JPY jumped around 20 pips and is at the moment around 78.75. EUR/AUD fell toward the 1.4445 area from 1.4475. 

RBA Interest Rate Decision

4.5%
Actual
4.5%
Consensus

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