It’s time to prepare for the upcoming RBA Interest Rate Decision. Australia has managed to keep their new daily Coronavirus cases in the double digits and under since September 2020.
Whilst this is seen as a positive, and the economy has had a strong recovery, they’re still not back to pre-covid levels of economic growth. Large institutions will be closely monitoring the central bank.
The RBA last changed interest rates on the 3rd November 2020, when they dropped from 0.25% to 0.1%.
The consensus is the central bank will keep rates at the same level.
Interest Rate Decisions always carry the potential for colossal volatility spikes and should be considered a hazardous time to trade.