Reserve Bank of Australia Expected to Maintain Current Policy

According to Odaily, analysts from financial website Fxstreet suggest that the Reserve Bank of Australia (RBA) is likely to resist the dovish policy shift adopted by major central banks. During its seventh consecutive meeting on Tuesday, the RBA is expected to maintain its current policy stance.Analysts from TD Securities have indicated that the RBA's communications and data since the August meeting do not provide a compelling reason to alter its position in this week's meeting, effectively ruling out the possibility of a rate cut this year.