RBA: One and done?

07 June 2016

 

The RBA left the cash rate unchanged at its June meeting in a widely-expected decision. What did change, however, is what is referred to as the RBA’s “bias”; that is words, sentences and phrases which economists and observers which can imply the direction of the banks next move. Westpac said they expected to see words from the after-meeting statement such as “scope”, “time being”, “assess” and “further easing” to indicate...

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