RBA Monetary policy Statement

From the RBA’s Feb Statement of Monetary Policy:

  1. -RBA ups inflation, growth forecast due to lower exchange rate
  2. -AUD path remains significant uncertainty to forecast
  3. -based on current outlook period of stable rates likely
  4. -continue assess outlook, adjust policy to foster growth
  5. -various domestic demand outlook little changed
  6. -jobless rate to edge higher but decline from 2015
  7. -lower AUD, if sustained, will help balanced econ growth
  8. -risks from global economies broadly balanced
  9. -mining invest fall, fiscal restraint weigh on outlook

The Aud/Usd jumped 20 pips  to .8970 after the release of the statement.

Categories: News and Commentary

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