The Reserve Bank of Australia (RBA) is expected to keep the Official Cash Rate (OCR) on hold at a record low of 0.1% for the sixth straight meeting next Tuesday, the latest Reuters poll of 15 economists showed.
Key findings
“See no change to policy at the Reserve Bank of Australia’s (RBA) June 1 board meeting.”
“The vast majority of the respondents expect no change to the cash rate until mid-2023.”
“The RBA has said it will decide at its July board meeting whether to expand its quantitative easing programme.”
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AUD/USD Price Analysis: Bears threaten 0.7740 support confluence
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