Reported Earlier, Australia Interest Rate Decision Matches Estimate 4.35% Vs. 4.10% Prior
Portfolio Pulse from Benzinga Newsdesk
The Reserve Bank of Australia has decided to keep the interest rate at 4.35%, which matches the previous estimate, compared to the prior rate of 4.10%.
November 07, 2023 | 6:06 am
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NEUTRAL IMPACT
The decision of the Reserve Bank of Australia to keep the interest rate at 4.35% may impact the iShares MSCI Australia ETF (EWA).
Interest rates can affect the performance of ETFs. In this case, the decision to keep the interest rate steady at 4.35% could impact the performance of EWA, which tracks the Australian market. However, the exact impact is uncertain and depends on various factors, including investor sentiment and the overall economic situation in Australia.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75