RBA minutes boosts case for October rate cut

17 September 2019

 

The RBA left its official cash rate target unchanged at its September board meeting. The rate at which the RBA wishes banks to lend to each in the market for unsecured overnight loans remained at 1.00%.  Around February of this year, the RBA began to publicly move away from a tightening bias. By April, “there was not a strong case for a near-term adjustment in monetary policy” and, by May,...

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