{"id":56382,"date":"2021-12-07T22:44:47","date_gmt":"2021-12-07T18:44:47","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=56382"},"modified":"2021-12-07T22:44:57","modified_gmt":"2021-12-07T18:44:57","slug":"rba-keeps-ocr-steady-at-0-10","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/rba-keeps-ocr-steady-at-0-10\/12\/07\/market-updates\/","title":{"rendered":"RBA Keeps OCR Steady At 0.10%"},"content":{"rendered":"\n<p>The Reserve Bank of Australia (RBA) board members decided, on Tuesday, to leave the official cash rate (OCR) unchanged at a record low of 0.10% during their December monetary policy meeting.<br><br>The board decided to maintain the interest rate on exchange settlement balances at zero percent. The board decided to continue to purchase government securities at the rate of $4 billion a week until at least mid-February 2022.<br><br>The AUD\/USD pair is trading close to daily highs of 0.7065 on the expected RBA decision. The spot was last seen trading at 0.7059, up 0.11% on the day. RBA Interest Rate Decision is announced by the Reserve Bank of Australia. <br><br>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank of Australia (RBA) board members decided, on Tuesday, to leave the official cash rate (OCR) unchanged at a record low of 0.10% during their December monetary policy meeting.The board decided to maintain the interest rate on exchange settlement balances at zero percent. The board decided to continue to purchase government securities at &hellip;<\/p>\n","protected":false},"author":13,"featured_media":34802,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7642,6987,7445,8248,7035],"class_list":["post-56382","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-australian-economy","tag-inflation","tag-interest-rate","tag-official-cash-rate","tag-rba"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/56382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=56382"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/56382\/revisions"}],"predecessor-version":[{"id":56388,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/56382\/revisions\/56388"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/34802"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=56382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=56382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=56382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}