This week is abundant in big
economic reports and figures and last night we just had the first
Central Bank announcing its interest rate decision. Despite the market consensus for a 25bp cut,
RBA "unexpectedly" disappointed the market and decided to keep the key interest rates on hold at 2.25%.
RBA interest rate decision is an
BINARY event that can have only 2 possible outcome:
- Either RBA delivers a rate cut.
- Or keep rates on hold
in which case we have a non-event. However taking in consideratio…