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RBA Interest Rate Decision

Name: RBA Interest Rate Decision
Creator: TipRanks

The 'RBA Interest Rate Decision' is a monetary policy event where the Reserve Bank of Australia (RBA) sets the official cash rate, influencing borrowing costs and economic activity. It is crucial for controlling inflation and supporting economic growth. Changes in the interest rate can significantly impact financial markets, affecting currency value, stock prices, and consumer confidence. The decision is closely watched by investors and policymakers as it reflects the RBA's economic outlook and policy stance.