Reserve Bank of Australia December monetary policy board meeting announcement
- NO CHANGE in the cash target rate, as widely (unanimously) expected
- Cash rate left at 2%, where its been since May this year
Headline summary of the accompanying Statement by RBA governor Glenn Stevens:
- Room for further policy easing if needed
- Says AUD adjusting to declines in commodity prices
- Says inflation is low and should remain so
- Judged economic outlook had firmed a little
- Policy needs to be accommodative
- Says inflation should remain low
- Low rates supporting borrowing and spending
- Information suggests moderate expansion in economy continues
Headlines via Reuters
well, I reckon that comment on the AUD is pretty weak ... not overtly talking it down. Will Stevens regret not being more forceful expressing a desire for it to fall further? I reckon he will. (He speaks tomorrow; Wednesday Australian time, 0030GMT). Still, its done now ... AUD/USD back nearly on session high
more to come
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Full text of Mr. Stevens' Statement: Statement by Glenn Stevens, Governor: Monetary Policy Decision
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
