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Apr 30 - 02:55 PM

AUD: RBA To Leave Cash Rate Unchanged Next Week; AUD/USD In 0.7415-0.7800 Range N-Term - Credit Suisse

By eFXdata  —  Apr 30 - 01:30 PM

Credit Suisse discusses its expectations for next week's RBA's policy meeting.

"Ahead of the 4 May decision, markets expect the bank to leave its cash rate and 3-year target at 0.10%. In its February meeting, the RBA introduced forward guidance indicating that the cash rate would remain unchanged until inflation is sustainably within the 2% to 3% target range, criteria which they do not expect to meet until "at least 2024". Markets largely do not anticipate a change in language on this front," CS notes.

"We see these monetary policy risks as reinforcing our expectation for AUDUSD to trade in a 0.7415- 0.7800 range for the time being," CS adds.

Source:
Credit Suisse Research/Market Commentary

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