Reserve Bank of Australia decision due Tuesday
The RBA decision is due out at 0430 GMT and market expectations have taken a sharp turn since .
last week’s CPI report
Before the inflation data, the market was pricing just a 15.7% chance of a hike. Since then, that’s jumped to 54.2% in the overnight index swaps market.
RBA preview: What’s priced in for Australia’s central bank and what to expect
ByAdam Button
May 2, 2016