07:30 Reserve Bank of Australia interest rate decision

At 07:30 today, the RBA interest rate decision will be published. The sentiment among investors is a neutral, and the central bank will not take action, and keep the interest rate at a record low of 1.50 percent to a record long period. Of course, central bankers have no good reason to do so. First will highlight low inflation in the country which is far from the target of the bank - "between 2% and 3%." In addition, weak wage growth in the country will lead the central bank to rethink their plans for the future. Raise rates we can expect only in 2019. But given that GDP rose this year and investment in mining that the key to the Australian economy improves. However, this may not be the case as import tariffs on certain industrial metals are already in place.

Overall this situation ties the hands of central bankers and we can not expect anything other than maintaining the current monetary policy. At 07:30, the Bank's Monetary Policy Report will also be published, which I expect to confirm the above lines. I expect increased volatility in AUD crosses.

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