Cancel the parity party for now
On February 2 the Reserve Bank of Australia shocked economists and the market alike by announcing that its cash rate would remain at 3.75%. The Reuters poll prior to the meeting showed that all 20 economists polled expected a 25bp rise to 4%, while the Aussie Bill Futures were pricing in around an 85% chance of that happening.
This content is for Subscribers only
To access full IFRAsia.com story content you must be a subscriber. Please use the following link to register for a Free Trial.