The Bank of Australia holds its policy meeting on Tuesday and markets anticipate its key interest rate will be lifted by 25 bps after a four-month pause. It could prove an interesting contrast versus the picture developing elsewhere, as the European Central Bank, Fed and BoE all remained on hold at recent meetings.
Equity markets ended the first half of the year on a largely positive note, as investors shrugged off hawkish central banker comments. This week, markets will have an eye on the Australian central bank interest-rate decision and the minutes from the last Fed meeting, which will be released Wednesday.
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