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RBA Sevens remains on the dovish camp

FXStreet (Bali) - Following RBA Stevens comments on monetary policy, noting that if policy were to change, it would almost certainly be an easing, below are the rest of headlines hitting the wires, via Reuters.

Key Quotes

Economic rebalancing is occuring, aided by monetary policy

Non-mining sectors generating respectable growth in employment

Monetary policy very accommodative, likely to stay that way for some time

If policy were to change, it would almost certainly be an easing

Inflation is clearly no impediment to easing

Housing market may be calming, too early to be sure

Macroeconomic effect of banks raising mortage rates "may not be large"

Significant share of households ahead on mortgage payments

Mortgage rises so far equal to about one half of 25 bps cut

Will keep changes in mortgage rates under "careful review"

Roughly half way through period of declining mining investment

Says business conditions outside of mining have been slowly improving

Some encouraging developments on infrastructure investment

Long period of discipline on budget spending likely to be needed

AUD/USD 0.7100 level for year end - UOB

Analysts at UOB Group noted that the RBA, on Tuesday, left the cash rate at a record-low of 2.0%, but indicated that weaker inflation levels may allow the bank to ease policy again if needed.
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