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RBA leaves rates unchanged at 1.5%, higher AUD would slow economy and inflation

In today's Reserve Bank of Australia's (RBA) monetary policy decision, as widely expected, the Central Bank decided to keep its interest rate on hold at a record low of 1.5%, with the policy statement being interpreted as neutral. 

Statement by Glenn Stevens, Governor: Monetary Policy Decision

Rising AUD would slow the economy and inflation.

Expects Australia's terms of trade to decline but remain at high levels.

Outlook for household consumption a source of uncertainty.

Forecast remains for inflation to pick up gradually.

Sees signs of easing in Sydney house prices.

Stronger labor market should mean some lift in wage growth over time.

Labor market continues to strengthen, forward looking indicators point to solid growth ahead.

Key notes

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Australia October retail sales beat estimates

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Australia RBA Interest Rate Decision meets expectations (1.5%)

Australia RBA Interest Rate Decision meets expectations (1.5%)
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