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RBA stayed on hold, as expected – Danske Bank

FXStreet (Edinburgh) - Sverre Holbek, Senior Analyst at Danske Bank, reviews the recent RBA monetary policy meeting.

Key Quotes

“The Reserve Bank of Australia (RBA) held interest rates at 2.5% as widely expected, hinting that rates will stay low for a while”.

“On the one hand, house prices are picking up and the weakening AUD is helping exporters”.

“However, the decline in commodity prices has weighted on the terms of trade and investments in the resources sector have declined significantly, thus explaining why the RBA remains on hold”.

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