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RBA minutes: Low inflation provides scope to ease further

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The minutes of the February RBA meeting when interest rates were held steady at 2%, and in which the Central maintained its soft easing bias, have been released.

    The minutes reiterated most of the key themes from recent meetings. In today's minutes, RBA said that "low inflation provides scope for further easing."

    Key headlines

    Board members saw reasonable prospects for continued economic growth

    Appropriate to leave cash rate at an accommodative setting

    To watch labour market trends, impact of turbulence in financial markets

    Recent data suggested economy growing at moderate pace in q1

    Low rates, past fall in a$ helping rebalance economy to non-mining activity

    Conditions in housing market had eased, lending for investment had slowed

    Labour market had clearly improved, leading indicators consistent with jobs growth

    RBA on long-term outlook for china, noted urbanisation to aid growth in working-age population

    Low level of foreign currency debt differentiated china from past em crises

    China's rising household incomes positive for australian exports over long run
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