The Reserve Bank of Australia (RBA) will likely hold interest rates at a record low of 0.25% at its monthly policy meeting on Tuesday, according to 36 economists polled by Reuters. However, economists expect the bank to cut rates to a new record low of 0.10% from 0.25% in November. Key points As many as 25 of the 36 surveyed, or 70%, expect no change to policy at the Reserve Bank of Australia’s (RBA) Oct.6 board meeting. 10 economists predict a 15 basis point cut to 0.1% while one forecast a ten basis point cut to 0.15%. The RBA cut the cash rate to 0.25% in March and launched an unlimited bond-buying program to keep yields under pressure and help the economy absorb shocks arising from the coronavirus crisis. 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 Bitcoin Price Forecast: BTC upside limited at $10,600 – Confluence Detector FX Street 2 years The Reserve Bank of Australia (RBA) will likely hold interest rates at a record low of 0.25% at its monthly policy meeting on Tuesday, according to 36 economists polled by Reuters. However, economists expect the bank to cut rates to a new record low of 0.10% from 0.25% in November. Key points As many as 25 of the 36 surveyed, or 70%, expect no change to policy at the Reserve Bank of Australia's (RBA) Oct.6 board meeting. 10 economists predict a 15 basis point cut to 0.1% while one forecast a ten basis point cut to 0.15%. The RBA cut… 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.
