The Australian dollar. Strong in times of crisis?

As the Reserve bank of Australia keep interest rates steady at 4.5% for the fifth month, the Australian dollar plummet in value because a raise was expected.  The decision affect not only consumption in a negative way but will also have negative consequences for the inflation on long terms. However, new speculations for the end of the year have led to a growth of the AUD. Because of that, new interest rates are expected for the future which will keep inflation between the ideal two to three percent. 

Sam Clauwaert

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