The RBA decision is due at the bottom of the hour.
The mode in global central banks has to been to shift to a neutral stance from outright hawkishness. Will the RBA do the same?
Right now there is only a minimum chance of a price hiked in today but that gradually rises to 50/50 at the June 18 meeting and a cut is nearly fully priced for August 6. Today’s decision includes the RBA statement and the Statement on Monetary Policy, which will include new economic projections.
This article was written by Adam Button at www.forexlive.com. Source