RBA maintains Official Cash Rate at 0.25%, AUD/USD keeps the red below 0.68

At its scheduled June monetary policy meeting held Tuesday, the Reserve Bank of Australia (RBA) left its monetary policy settings unchanged, with the official cash rate (OCR) kept on-hold at a record low of 0.25%, as widely expected.

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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.