FXStreet (Bali) – The minutes of the August 4th RBA meeting when interest rates were held steady at 2%, and in which the Central failed to provide an explicit easing bias, have been released.
The Central Bank notes that “given these considerations, the Board judged that it was appropriate to leave the cash rate unchanged. Information about economic and financial conditions would continue to inform the Board’s assessment of the outlook and whether the current stance of policy remained appropriate to foster sustainable growth and inflation consistent with the target.”
Key headlines – via Reuters
Aud Fall To Support Growth Via Net Service Exports
Spare Capacity In Labor Mkt Despite Strong Employment
Wage Index In Line With Fcast Of Prolong Low Wage Growth
Indications Apra Measures Had Slowed Invest Hsg Lending
Very Low Rate To Continue To Support Hsg Invest,spending
Num Of Indicator Show Improve In Local Activity Recently
No Significant Impact Seen Fm Volatile China Equity Mkt
Downside Risk To China Outlook Over Coming Yr Fm Jul Data
Bulk, Base Metal Price Fall Due To Weaker China Demand
Mkt Expectations Show 1-in-3 Chance Of Fed Hike In Sep
Eventual Mining Invest Cld Be Lower Vs Previously Fcast
New Info On Econ, Fincl Conditions To Guide Outlook
New Info To Determine If Curr Policy Stance Appropriate
Domestic Infla To Stay Contained, Offset Tradable Rise
Intl Econ Developments Increase Dnside Risk To Outlook But Too Early To Assess Impact On Trading Partner Growth
(Market News Provided by FXstreet)