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-- 118.695 RBA rate decision: Grab rewards by guessing the closing price!
Tomorrow, at 2:30pm AEDT, investors will learn whether the Reserve Bank of Australia (RBA) lowers, lifts or keeps the official cash rate on hold, it's shaping up to be a big day for the S&P/ASX 200 Index ( $S&P/ASX 200 (.XJO.AU)$) on Tuesday.
RBA expected to hold cash rate this year, first cut seen in February
Australia's central bank will hold its key interest rate at 4.35% on Tuesday and for the rest of the year, according to a Reuters poll of economists, as strong economic activity and sticky core inflation still warrant a cautious approach.
Consumer price inflation fell to 2.8% last quarter, within the Reserve Bank of Australia's 2-3% target for the first time in three years, but core inflation, stripped of volatile components, remained elevated.
Guess the closing Price
With terms like "sticky" and "stubborn" inflation now dominating headlines, could ASX 200 investors see the RBA hike or cut interest rates tomorrow? How will the market react to the RBA rate decision on the day?
Vote your answer to participate!
Rewards
An equal share of 2,000 points: For mooers who correctly guess the price trends of the S&P/ASX 200 Index at 16 PM AEDT Nov 5.
(e.g., If 50 mooers make a correct guess, each of them will get 40 points.)
Note：
The vote will close at 15:00 PM AEDT Nov 5.
Rewards will be distributed within 5-7 working days after the result's announcement.
Rewards can be used to exchange gifts at the Rewards Club (moomoo app>> Me>> Redeem Points).
The selection is based on post quality, originality, and user engagement.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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