AUD/NZD builds cushion above 1.0800 as focus shifts to RBA Lowe’s speech, RBNZ policy eyed – by Sagar_Dua24 RBNZ RBA AUDNZD Inflation InterestRate
Governor Philip Lowe
For making an informed decision, investors are awaiting the speech from the RBA policymaker. The speech will provide interest rate guidance to combat the historic surge in inflationary pressures. The inflation rate reached 7.3% in the third quarter, which forced the Australian central bank to lift its price growth guidance to 8.0%. However, the RBA continued its rate hike pace at 25 basis points to keep economic prospects solid along with the agenda of bringing price stability.
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