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RBA indicating higher inflation - BTMU

FXStreet (Guatemala) - Derek Halpenny, European Head of Currency Strategy at the Bank of Tokyo Mitsubishi UFJ noted that the RBA released its quarterly statement.

Key Quotes:

"The only highlight from the report was the increase in the 2015 inflation forecasts with core CPI now seen at 2.0-3.0% from 1.75-2.75% in August”.

“This change was down to the lower AUD/USD level but the RBA added that the AUD level is a “significant uncertainty” in forecasts."

"Essentially, the message was that monetary policy is supportive for growth and that current policy remained appropriate. No surprises here."

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