RBA minutes: Rates on hold given firmer prospects for economy

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 17, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Bali) - The latest Minutes of the RBA October monetary policy Board meeting are out, with the Central Bank noting that they left rates unchanged given firmer prospects for the economy.

    Main headlines - via Reuters

    Australia C.bank Minutes: Left Rates Unchanged Given Firmer Prospects For Economy

    Subdued Inflation May Afford Some Scope For Further Easing Of Policy

    "very Low" Interest Rates Supporting Household Consumption, Home Building

    A$ Adjusting To Commodity Decline Boosting Demand For Domestic Production, Services

    Spare Capacity To Persist For Some Time, Inflation To Be Lower Than Expected

    Mortgage Rate Rises Lessened Policy Support Slightly, Still Accommodative Overall

    Tighter Regulations Helping Contain Risks From Housing Market

    Employment Stronger Than Expected, Vacancies Point To Continued Growth

    Household Consumption To Add Significantly To Demand In Next Two Years

    Pick Up In Demand, Low A$ To Eventually Drive Non-mining Investment But Timing Uncertain

    Drag From Mining Investment Likely To Have Run Its Course By End 2017

    Rba: Asia Had Slowed More Than Expected, Likely To Be Longer Lasting Than Thought
    For more information, read our latest forex news.

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