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Nothing new from the RBA minutes – Danska Bank

FXStreet (Edinburgh) - Senior Analyst Flemming Nielsen at Danske Bank observed the RBA stayed on the sidelines according to the latest minutes.

Key Quotes

“There were no surprises in the minutes released overnight by Reserve Bank of Australia (RBA) from its meeting on 2 September, where RBA maintained its benchmark at a record low 2.5% for a 13th consecutive time”.

“In the minutes RBA continues to signal status quo, as on the one hand it is concerned about a possible bubble in house prices but also believes an overvalued AUD was hurting attempts to rebalance the Australian economy”.

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