The Reserve Bank of Australia (RBA) held interest rates steady at 4.1% this morning, as widely expected. During the press conference that followed, Deputy Governor Michele Bullock indicated a willingness to support Australian economic growth in the future by lowering borrowing costs.
There are suggestions that the RBA could take its next step toward cutting interest rates as early as May.
In Europe, inflation data will be released later this morning, covering both core inflation and overall inflation levels. Expectations point to a slight decrease in both indices, with a forecasted drop of 0.1 percentage points from the previous month.
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