RBA Stevens: No comment on the outlook for the cash rate

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Reserve Bank of Australia Governor Glenn Stevens, appearing before the House of Representatives' Standing Committee on Economics, is still makign comments on the economy and monetary policy, noting that he sees no evidence that funding markets impaired for Australian banks, adding that exposure of Australian banks to energy sector just few points of balance sheet, quite small.

    Additional headlines

    Says his instinct is that some of the global gloom is overdone, speculation of global recession is too pessimistic

    Stevens says he has no comment on the outlook for the cash rate

    No comment on cash rate outlook. Strange. Can someone please lend Glenn a coin to toss so he can formulate a view.

    Some reservations about labour market data

    Employment growth strong even after accounting for problems with data

    Hard to avoid the conclusion that the jobs market is better than expected

    Does not see rout in Australian property market - breather in prices welcome in Melbourne and Sydney property markets
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