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RBA Sevens remains on the dovish camp

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 5, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Bali) - Following RBA Stevens comments on monetary policy, noting that if policy were to change, it would almost certainly be an easing, below are the rest of headlines hitting the wires, via Reuters.

    Key Quotes

    Economic rebalancing is occuring, aided by monetary policy

    Non-mining sectors generating respectable growth in employment

    Monetary policy very accommodative, likely to stay that way for some time

    If policy were to change, it would almost certainly be an easing

    Inflation is clearly no impediment to easing

    Housing market may be calming, too early to be sure

    Macroeconomic effect of banks raising mortage rates "may not be large"

    Significant share of households ahead on mortgage payments

    Mortgage rises so far equal to about one half of 25 bps cut

    Will keep changes in mortgage rates under "careful review"

    Roughly half way through period of declining mining investment

    Says business conditions outside of mining have been slowly improving

    Some encouraging developments on infrastructure investment

    Long period of discipline on budget spending likely to be needed
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