Reserve Bank of Australia’s Rate Cutting Cycle Close to Ending

It’s not what Australia’s central bank said in its monetary policy statement this week, but what it didn’t say that appears to be causing a stir.

The Reserve Bank of Australia (RBA) on Tuesday left its benchmark interest rate steady at 2.5 percent and did not comment about the outlook for the economy in its policy statement. Its tone was less dovish than expected, fueling talk that the rate-cutting cycle that began in late 2011 is close to ending.

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