On Tuesday, Australia's central bank kept its interest rate unchanged at 3.85%. This decision shocked market participants, as many had previously forecast a cut, as reported by Reuters. The move was driven by the regulator's desire to gather more information about inflation slowing.
According to Francois Villeroy de Galhau, Governing Council member at the European Central Bank (ECB), the best alternative tool for managing monetary policy is large-scale asset purchases.
German industrial production showed unexpected growth in May. According to Bloomberg experts, the increase in output was driven by companies' efforts to accelerate shipments to the US ahead of potential higher tariffs.
An increase of the indicator value may contribute to the rise in quotes of EUR.
Bloomberg reports that Australia’s business conditions improved as sales, profitability, and employment rose. Business confidence also surged, suggesting that a recovery in the country’s corporate sector may be in line with the Reserve Bank of Australia's (RBA) easing cycle.
The AUD publication has been released
RBA Interest Rate Decision
3.85%
+0.00196 (4h. 27m.)
The EUR publication is expected
Trade Balance
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European Union
Australia
Central Bank interest rate
Gross domestic product
Unemployment rate
Retail sales
Trade balance
Inflation
Business confidence