The RBA Interest Rate Decision measures the official cash rate determined by the Reserve Bank of Australia. This rate reflects the cost of overnight loans between financial institutions and is crucial for influencing borrowing costs and overall economic activity. Changes in the cash rate can provide insight into the central bank's monetary policy stance and its response to economic conditions.
A higher than expected figure should be seen as positive (bullish) for the AUD while a lower than expected figure should be seen as negative (bearish) for the AUD.