RBA: Board expects that some further tightening of monetary policy may be needed

Having surprised global markets with a 0.25% rate hike, the Reserve Bank of Australia’s (RBA) economic analysis also allow AUD/USD bulls to remain hopeful.

Also read: Breaking: RBA surprises markets with rate hike to 3.85% in May, AUD/USD rallies

Key statements

Board expects that some further tightening of monetary policy may be needed.

More to come....