RBA: Size, timing of future rate rises will be determined by the data and outlook for inflation, labor market
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Following are the key headlines from the October RBA monetary policy statement, via Reuters, as presented by Governor Phillip Lowe.
RBA Interest Rate Decision is announced by the Reserve Bank of Australia. If the RBA is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the AUD. Likewise, if the RBA has a dovish view on the Australian economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.
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