RBA minutes has markets guessing again

16 August 2016

 

Coming so shortly after the RBA’s August Statement on Monetary Policy (SoMP) economists and other market pundits did not expect any revelations to flow from the minutes of the RBA’s August meeting. At best it was hoped some indication as to the closeness of the decision to lower the cash rate to 1.50% would be given. Reactions in financial markets were muted but mixed. Yields on Australian 3 year and...

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