RBA minutes “no near-term call to action”

20 August 2019

 

The RBA left the official cash rate target unchanged at its August board meeting, keeping it at 1.00%.  Around February of this year, the RBA began to publicly move away from having a tightening bias. The reference to a higher rate as “more likely” than a lower rate was removed and the phrase “the probabilities around these scenarios were now more evenly balanced than they had been over the preceding...

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