What to expect from the Reserve Bank of Australia today

Today at 5:30 will become clear direction for the future of monetary policy by the RBA.

Currently, the interest rates are 2.5%, they probably (again) will be retained on these values. Many analysts and market observers, however, expect a decrease of 0.25%, although good data in recent days about the economic situation in Australia. Westpac as noted unexpectedly good values.

According to the latest survey of Bloomberg, 22 of the 28 approached with economists expected to hold interest rates. According OIS, however, has 62% levels are likely to be reduced by 0.25%.

Concerns and possible reduction of the basic interest rate by the RBA come due to unemployment. Also the growth of GDP is well below expectations for the last six months it averaged 1.6 percent.

The decline in oil prices does also contribute to the concerns and inflation is likely to remain low in the coming months. Largest trading partner Avstraliya- China, also reported good economic results, as trading conditions continue to fall with the reduction of national income.

According to others, however, inflation is not so weak and increase in oil prices, it is likely to recover to the 2% target. Currently, the Australian dollar continues to fall, and in reducing interest rates, this could lead to a new devaluation and possible difficulties. It is possible to have a negative impact on the property market in the country.

At 5:30 will be seen the level of interest rates, less then expect a statement from the central bank.

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