TWEET TALK: Dollar determinant

Expectations that the falling Australian dollar will stabilise the local economy have led to near consensus in the Twittersphere that the Reserve Bank will hold fire.

Ahead of the Reserve Bank of Australia’s decision on interest rates today at 1430 AEST, all but one of 13 economists surveyed by AAP expect the Reserve Bank to hold the cash rate steady. Most experts on Twitter agree that the central bank won’t move but predict its easing bias will remain.

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