March 2016

This month’s Market Watch key points include:

  • The Reserve Bank of Australia (RBA) left the official cash rate on hold at 2% on 2 December 2015 – where it has remained since May 2015.
  • The US Federal Open Market Committee (FOMC) announced a 25 basis point increase in the Fed Funds target range from 0% to 0.25% to 0.25% to 0.5%.
  • The Bank of England (BoE) left policy unchanged when it announced its decision on 10 December 2015, as expected.
  • The Australian dollar was mixed against the major cross currencies in December. The AUD finished up 0.8% against the USD to US$0.7287.


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