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RBA minutes reiterates period of stability in rates

FXStreet (Bali) - Minutes of the last monetary policy meeting of the Reserve Bank of Australia back on Nov 4th reiterated that the outlook is for period of stability in rates.

Key headlines - via Reuters

RBA minutes repeat outlook is for period of stability in rates

RBA: A$ above estimates of fundamental value, providing less help to economy

RBA: boj stimulus, japanese pension fund flows could keep a$ above fundamental value

RBA board cited considerable uncertainty over china property market, impact on economy

RBA: domestic growth running at moderate pace, to remain below trend until late 2016

RBA: very low rates, growing population to support housing market, home building

RBA: higher home prices filtering through to household wealth and consumption

RBA board noted lending to home investors rising noticeably faster than to owner occupiers

RBA: mining investment still set to fall sharply, offset by rising resource exports

RBA board noted non-mining investment not being hampered by cost or availability of finance

RBA: labour market subdued, would be some time before unemployment fell consistently

RBA: sluggish wage growth to help keep inflation in line with target range
Australia's central bank frets on china, a$ as it keeps

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