The expectation reflected in the Australian financial market is that there is little chance that the Bank of Australia will raise interest rates at next week's policy meeting. Mahjabeen Zaman, head of foreign exchange research at ANZ Bank, said, however, that the central bank is still likely to release signs of austerity, which may translate into some upward momentum for the Australian dollar. At the same time, she added, there are few words or actions that can drive results that are more relaxed than what the market has already reflected. The main surprise was probably the split in the vote. Zaman said that any objections in favor of interest rate hikes may slightly increase expectations of partial austerity.

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