Business & Finance
Live: No change to interest rates expected as RBA board meets
Key Points
live RBA live updates: Interest rates expected to remain on hold, Reserve Bank to update economic forecasts The Reserve Bank is expected to keep interest rates on hold when its monetary policy board wraps up its meeting today. After three rate hikes earlier this year, financial markets are pointing to the cash rate remaining steady at 4.35 per cent. The central bank will also release its updated economic forecasts, including the inflation, growth and unemployment outlooks.
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RBA live updates: Interest rates expected to remain on hold, Reserve Bank to update economic forecasts
The Reserve Bank is expected to keep interest rates on hold when its monetary policy board wraps up its meeting today.
After three rate hikes earlier this year, financial markets are pointing to the cash rate remaining steady at 4.35 per cent.
The central bank will also release its updated economic forecasts, including the inflation, growth and unemployment outlooks.
Follow the RBA decision, plus the day's financial news and insights, from our specialist business reporters in our live blog.
Disclaimer: this blog is not intended as investment advice.
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Live updates
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Market snapshot
- ASX 200 Futures: -0.2% to 9,177 points
- Australian dollar: -0.2% to 70.53 US cents
- Wall Street: S&P 500 -0.1%, Dow -0.1% Nasdaq -0.3%
- Europe: Dax +0.02%, FTSE -0.4%, Eurostoxx +0.03%
- Spot gold: +1.1% to $US4,390/ounce
- Oil: Brent crude +5.2% to $US87.87/barrel
- Iron ore: +0.4% to $US95.40/tonne
- Bitcoin: -1.5% to $US64,127
Prices current at around 7:00am AEST
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ASX to edge lower
Good morning everyone and happy Tuesday,
Business reporter Adelaide Miller here to guide you through the morning on the markets blog.
We have a big day ahead, as the RBA decides what to do with interest rates. We can expect a decision at 2:30pm AEST before RBA Governor Michele Bullock fronts the media at 3:30pm AEST.
As for markets, the ASX is looking like it will start slightly lower, with Futures pointing down -0.2% to 9,177 points.
The Aussie dollar is trading above 70 US cents.
But for now, grab yourself a coffee, tea or juice and see you back here soon!
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