According to CoinMeta, TD Securities expects the Reserve Bank of Australia (RBA) to maintain interest rates at 4.35% unchanged. This baseline scenario is largely in line with market expectations and the pricing of overnight index swaps, which indicate that the probability of a rate hike today is close to zero. This means that the interest rate decision itself poses very limited unexpected risks to the Australian dollar or the interest rate market. TD Securities notes that despite the weaker-than-expected trailing average data, the RBA will still resist making significant reductions to its inflation forecasts, as high oil prices remain a persistent upward risk to the inflation outlook.