Tuesday, November 17, 2015

RBA minutes: Rates on hold given firmer prospects for economy

FXStreet (Bali) - The latest Minutes of the RBA October monetary policy Board meeting are out, with the Central Bank noting that they left rates unchanged given firmer prospects for the economy.

Main headlines - via Reuters

Australia C.bank Minutes: Left Rates Unchanged Given Firmer Prospects For Economy

Subdued Inflation May Afford Some Scope For Further Easing Of Policy

"very Low" Interest Rates Supporting Household Consumption, Home Building

A$ Adjusting To Commodity Decline Boosting Demand For Domestic Production, Services

Spare Capacity To Persist For Some Time, Inflation To Be Lower Than Expected

Mortgage Rate Rises Lessened Policy Support Slightly, Still Accommodative Overall

Tighter Regulations Helping Contain Risks From Housing Market

Employment Stronger Than Expected, Vacancies Point To Continued Growth

Household Consumption To Add Significantly To Demand In Next Two Years

Pick Up In Demand, Low A$ To Eventually Drive Non-mining Investment But Timing Uncertain

Drag From Mining Investment Likely To Have Run Its Course By End 2017

Rba: Asia Had Slowed More Than Expected, Likely To Be Longer Lasting Than Thought
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