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The Reserve Bank of Australia (RBA) is in the spotlight as it gears up for its upcoming meeting on Tuesday. Analysts are divided on whether there will be a 25 basis points (bps) rate hike, or if the RBA will maintain the current rate of 4.10%.
Looking back at the past week, we saw a few breakouts in the markets. With the US Debt Ceiling being the talk of the town, markets find themselves in shaky grounds.
A raft of CPI data for major economies keeps the focus on inflation this week. This promises to guide central banks for their next monetary policy meetings in the coming weeks. Traders will need to be alert.
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