Breaking: RBA leaves OCR unchanged at 0.10% in August, AUD/USD jumps to 0.7400

The Reserve Bank of Australia (RBA) board members left the official cash rate (OCR) at a record low of 0.10% at their August monetary policy meeting,

developing story ....

About RBA rate decision

RBA Interest Rate Decision is announced by the Reserve Bank of Australia. If the RBA is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the AUD. Likewise, if the RBA has a dovish view on the Australian economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.