It’s a light calendar for the session ahead. The September meeting of the Reserve Bank of Australia produced nothing to surprise. he RBA left the cash rate unchanged at 4.10% for the third month in a row, as was widely expected. There was little change in the post meeting statement
- a tightening bias retained
- the slower July CPI result was acknowledged
- growing risks from China’s softer economic growth were mentioned
The next data point of importance for the Reserve Bank of Australia is the quarterly CPI due on October 25. Until November 7, the first RBA meeting after this data, the Bank is on hold.
From the September decision:
- RBA leaves the cash rate unchanged at 4.10%
- The full statement of the September RBA monetary policy meeting decision
- Minimal change to the RBA outlook after today’s decision
This article was written by Eamonn Sheridan at www.forexlive.com. Source