Forex Flash: RBA to hold rates steady next – NAB

FXstreet.com (Barcelona) - Next Tuesday the Reserve Bank of Australia will decide on interest rates. According to National Australia Bank the central bank will keep rates unchanged at 3% and an easing bias in the media statement. “Looking ahead for the rest of the year, the market is pricing about 20 basis points of easing for the next 12 months, a 80% probability of one more rate cut. In one sense that’s difficult to argue with, given the RBA’s rhetoric and comments about how its easing since November 2011 have gained some traction in consumer sentiment, housing and maybe retail,” the analysts said.