The RBA's monetary policy is rarely out of the news these days with 4 cash rate rises since October last year, and more widely expected to come. IG Markets is excited to offer a new way of trading future movements in Australian interest rates.
We now offer a binary market based on the RBA’s monthly target cash rate announcement. It allows you to take a view on a number of potential outcomes or simply see what the market is expecting. For more details on this exciting new product, please refer to the binary contract details section of our website.
How can I trade the RBA interest rate decision?
It's easy to trade the RBA interest rate decision. Just take a view on what the RBA may do next and visit the Binary Indices section of your PureDeal platform. From there, navigate to the RBA Cash Rate (Monthly) market and select from the possible target outcomes.
For instance, for the upcoming April board meeting on Tuesday 6 April, you can choose from:
- A cash rate increase of 0.25%
- A cash rate increase of 0.50%
- No change in the cash rate
To see how you can apply this in practise, view our detailed examples.
Keeping track on what the RBA may do
You can easily keep track on what the market is expecting by viewing our Morning Prices for this new product. Also our Market Commentary will provide regularly insights on the cash rate announcement and other influences that may impact the outcome.
Whatever your CFD trading view...
How the RBA manages monetary policy has a wide affect on markets. Depending on your view, we have a wide range of CFD markets you can trade. As well as our new RBA cash rate target market, you can also trade forex pairs eg. AUD/USD, major indices, Australian shares, rates and bonds, and commodities.
All these opportunities are available through a CFD trading account with IG Markets, find out more how to apply for an account to get started.
Updated: 01/04/10