November RBA minutes: ready to cut but waiting for “more evidence”

19 November 2019

 

The RBA kept its official cash rate target steady at its November board meeting, largely as expected. The rate at which the RBA wishes banks to lend to each other in the market for unsecured overnight loans remained unchanged at 0.75%.  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...

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