RBA Holds Rate Despite US Rate Hike Inaction

Australia’s central bank kept its cash rate unchanged at a record low 2.0 percent on Tuesday for a fifth straight month in a widely expected decision as it waited to judge the impact of past easings.

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The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. All 25 analysts polled by Reuters last week expected no change this week.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza