RBA Keeps Interest Rates Unchanged And Foreign Exchange Market Volatility Is Small.

Just now on Tuesday (October 6th), the RBA resolution released on the Asian market showed that if the market expected to maintain the 2% interest rate unchanged, the RBA said that inflation would meet the expected target in the next one to two years.

After the announcement of the resolution, the Aussie dollar surged 40 points against the US dollar, breaking through the 0.71 pass, and now reaching the highest level of 0.7118.

The resolution stated that inflation material will meet the expected target in the next one to two years.

There may be some spare capacity in the economy, and the Australian dollar exchange rate should be large.

The fall is adjusted.

The function of financial market has not been damaged by stock market turbulence.

Overall credit growth is moderate; regulatory measures are helping to curb housing market risk.

Economic data are being paid to assess policy prospects.

Although the decision of the RBA has not been carried out, Kay voted on a macro basis.

It will still cut interest rates at least two times, bringing interest rates to 1.5%.

The rate cut is either in 11-12 or early next year.

Whereas

All kinds of information are very bad. Goldman Sachs reduced the forecast of GDP growth in Australia to 2% in 2016, and reiterated that the future economy would have a risk of 1/3 probability recession.

At 11:43 Beijing time, the Australian dollar was reported to 0.7115/17 against the dollar.

The Goldman Sach research team predicted that the Australian economy will grow by 2% in 2016, and it is estimated that, given the current weak economy, it is very likely that interest rates will be cut in November.

Goldman Sachs said that a weak survey of capital expenditure shows that the team may have underestimated the adverse effects of the mining investment cycle. The RBA recently estimated that 2.5% of GDP growth in the next few years is not equivalent to capital expenditure.