Monthly Policy Rate Decision Announced by the Reserve Bank of Australia (RBA)
Australia| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The policy interest rate announcement by the Reserve Bank of Australia (RBA) is a crucial event for determining Australia's monetary policy. The RBA announces the policy interest rate monthly, aiming to stabilize and promote economic growth by adjusting the financial environment. This announcement typically occurs on the first Tuesday of each month, revealing decisions to raise, lower, or maintain the interest rate.
The determination of the policy interest rate takes into account various economic indicators such as economic growth, inflation, unemployment rate, and exchange rates. An interest rate increase is seen as a measure to curb inflation and prevent economic overheating. Conversely, a rate cut aims to stimulate the economy by encouraging consumption and investment.
The policy interest rate announcement significantly impacts financial markets, drawing widespread attention. Investors and businesses adjust their economic outlooks and investment strategies based on this announcement. Moreover, changes in the policy interest rate directly affect borrowing costs and savings rates for consumers, making it a significant event for the general public as well.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
