Why Do Markets Await RBA’s Minutes?

The Reserve Bank of Australia will release the minutes of its monetary policy meeting on Tuesday, two weeks after the interest rate decision was announced.

The minutes provides a detailed insight on the discussions held between the RBA’s board members on monetary policy and economic conditions that influenced their decision on adjusting interest rates and bond purchases.

Tomorrow’s data will significantly impact the performance of the AUD. The minutes also will reveal considerations on international economic developments and the exchange rate value.