At its August monetary policy meeting this Tuesday, the Reserve Bank of Australia (RBA) left its monetary policy settings unadjusted for the third straight meeting, with the official cash rate (OCR) maintained a record low of 0.25%, as widely expected.
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About RBA rate decision
RBA Interest Rate Decision is announced by the Reserve Bank of Australia. If the RBA is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the AUD. Likewise, if the RBA has a dovish view on the Australian economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.
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