AUD traders heads up – RBA February meeting minutes are due tomorrow

The minutes of the Reserve Bank of Australia February meeting are due at 11.30 am Sydney time on Tuesday, 20 February 2024

• 0030 GMT and 1930 US Eastern time

The meeting summary is here:

• RBA holds cash rate at 4.35%, as expected. Says further hike cannot be ruled out.

Since then we’ve heard from Reserve Bank of Australia Governor Bullock, which takes some of the relevancy out of waiting for the minutes

• RBA Bullock: Recent inflation developments are encouraging, some way to go to meet target

• RBA Bullock: If consumption slows quicker than expected will be opportunity to cut rates

But, at the meeting the Bank held onto its hawkish bias. The Minutes will be eyed for clues about policy options the bank may be considering.

This article was written by Eamonn Sheridan at www.forexlive.com. Source