Reserve Bank holds rate steady at 4.35% as markets eye US-Iran ceasefire deal.
RBA Decision Due Today
The Reserve Bank board is concluding its two-day June meeting, with a decision on interest rates scheduled for 2:30pm AEST.
The cash rate is widely forecast to remain unchanged at 4.35% , following three consecutive rate hikes earlier this year.
Global Markets Buoyant
A ceasefire deal between the US and Iran buoyed investor sentiment. The Dow Jones Industrial Average reached a record closing high on Wall Street, reflecting renewed optimism in global markets.
Disclaimer: This blog is not intended as investment advice.