Australia Interest Rate Decision For September Holds Steady At 4.10%, Aligning With Expected Estimates
Portfolio Pulse from Benzinga Newsdesk
The Reserve Bank of Australia has decided to keep the interest rate steady at 4.10% for September, which is in line with market expectations.
September 05, 2023 | 5:29 am
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NEUTRAL IMPACT
The decision to hold the interest rate steady in Australia may have a neutral impact on the iShares MSCI Australia ETF (EWA) as it aligns with market expectations.
The decision to hold the interest rate steady in Australia is in line with market expectations, which means it was likely already priced into the EWA ETF. Therefore, this news is unlikely to cause significant short-term price movement for EWA.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80