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Australian Central Bank Holds rate at 3%

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Ealier this morning the Reserve Bank of Australia held its benchmark rate unchanged at 3.00%. The decision was widely anticipated and the official statement leaves the Central Bank waiting for the effect of the economic stimulus before modifying interest rates. It will be interesting to know how the unemployment figures that will be released this Wednesday support their overall optimistic view of economic stabilization.

For more Australian Economic Indicators visit FXEconostats Australian Data

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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

@alfonso_forex

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