RBA holds cash rates steady at 2.00%

04 August 2015

 

As expected, the RBA held the cash rate steady at 2.00% at its 4 August meeting. However, some of the comments arising from Glenn Stevens’ statement pushed the currency higher on the basis that future rate cuts are less likely. The statement accompanying the announcement removed the previously used reference about the AUD that “further depreciation seems both likely and necessary”, suggesting the RBA is comfortable with the level of...

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