The Reserve Bank of Australia's interest rate decision sets Australian borrowing costs and is the main driver of the Australian dollar.
Actual
2.85%
Forecast
3.1%
Previous
2.6%
RBA Interest Rate Decision for November 1, 2022 came in at 2.85% versus 3.1% expected (previous 2.6%), below forecast, which was negative for the AUD.
What it meant for the AUD
The actual landed below the 3.1% forecast (0.25 below expectations). A reading above forecast is generally bullish for the AUD, and below forecast bearish. On this release the read was negative for the AUD.
New to this release? See what RBA Interest Rate Decision measures, the next release and its full history.