Reminder – Reserve Bank of Australia announcement due at 0430GMT, 25 basis point rate cut expected

Bloomberg have surveyed 27 economists.

• 26 are expecting a 25 bp cut.
• 1 is expecting no cut

The OIS market is pricing the probability of a 25 bp cut at 106% (This means that the market is beginning to price in a 50bp cut, albeit to a very, very low degree).

Preview here: Reserve Bank of Australia meets today – announcement due at 0430GMT. OIS pricing in 106% chance of cut

Also, 2 polls:

Will the RBA cut rates today?

What will the Australian dollar do after today’s RBA announcement?

And, don’t forget to watch the accompanying statement