RBA keeps rates on hold at 0.10% in June, AUD/USD eases

The Reserve Bank of Australia (RBA) board members decided to maintain the official cash rate (OCR) at a record low of 0.10% at their June monetary policy meeting,

The RBA kept its target of 10 basis points for yield on a 3-year Australian government bond unchanged.

more to come ...

About RBA rate decision

RBA Interest Rate Decision is announced by the Reserve Bank of Australia. If the RBA is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the AUD. Likewise, if the RBA has a dovish view on the Australian economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.