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RBA to remain on hold for at least 18 months – Australian Press

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Monday, the Sydney Morning Herald carried an article on RBA’s monetary policy outlook.

    Key Headlines:

    On monetary policy:

    Chances of a cut to the cash rate have dropped sharply

    Current futures positioning has the Reserve Bank of Australia on hold for at least 18 months

    Suggests the cash rate's next move will be up, although this, too, remains unlikely until late next year

    On AUD level:

    A range of economists say the central bank is likely to feel increasingly uncomfortable as the Aussie nears US80¢, although the loss of export competitiveness is partly offset by the boost to income of higher commodity prices.
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