The decision about which interest rates to set depends mainly on growth prospects and inflation. The main goal of the central bank is to achieve price stability. High interest rates attract foreigners who are looking for the best option for risk-free income on their money, which can dramatically increase the demand for the country’s currency. The data above the forecast strengthen AUD, and the data below the forecast affect the national currency negatively. The rate is projected to decline from 1.00% to 0.75%.
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