Reserve Bank interest rates: RBA meets to decide whether to cut cash rate – live
Will they or won’t they? Members of the Australian bank’s board are gathered in Sydney amid speculation that they will reduce borrowing costs. Follow all the updates before the verdict at 2.30pm – and reaction
Here we go ... standby
We will be watching what happens to the dollar very closely after 2.30. It has hung grimly on to a level above US70c for some months now despite expectations that it would sink further.
It has crept up to US70.03 this afternoon. Maybe traders think the RBA will hold (higher rates = stronger currency generally speaking).Continue reading...