Next Tuesday, the Reserve Bank of Australia will have it policy meeting. Market consensus see no change in rates. According to analysts at Wells Fargo, the central bank will keep its key rate unchanged for the foreseeable future. Key Quotes: “The Reserve Bank of Australia (RBA) held its Cash Rate and three-year yield targets at 0.25% at its last policy meeting in June. Since the May meeting, the central bank has sharply slowed the pace of its bond buying, as fixed income markets began to stabilize, only purchasing government bonds on one occasion. In the June announcement and subsequent minutes, policymakers were more upbeat on the Australian economic outlook, suggesting the depth of the downturn could be less than previously anticipated. In addition, members noted the number of new COVID-19 cases has decreased significantly and some restrictions on activity were being eased earlier than expected, while there have also been signs that hours worked stabilized in early May and some forms of consumer spending picked up.” “At its meeting next week, we look for the RBA to maintain a steady policy and expect the current cash target rate of 0.25% to remain at its current level for the foreseeable future.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/GBP bears watchful over COVID-19 and Brexit risks FX Street 3 years Next Tuesday, the Reserve Bank of Australia will have it policy meeting. Market consensus see no change in rates. According to analysts at Wells Fargo, the central bank will keep its key rate unchanged for the foreseeable future. Key Quotes: “The Reserve Bank of Australia (RBA) held its Cash Rate and three-year yield targets at 0.25% at its last policy meeting in June. Since the May meeting, the central bank has sharply slowed the pace of its bond buying, as fixed income markets began to stabilize, only purchasing government bonds on one occasion. In the June announcement and subsequent minutes,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.