15 Dec 2015
RBA Minutes: Happy with the economy but policy can be eased - TDS
FXStreet (Delhi) – Research Team at TDS, notes that the minutes from the December policy meeting were out earlier, revealing the RBA is generally happy with how the real side of the economy has recently evolved, but highlighting that policy can be eased further should the inflation outlook require.
Key Quotes
“It noted that the exchange rate was helping support demand for domestic production as well as the export of services, and generally left the sense that with the recent pick-up in activity (especially visible in the labour market), it was happy to leave rates at 2% for the foreseeable future. The 15Q3 house price index was also out, growing in line with consensus at 2.0% q/q.”
Key Quotes
“It noted that the exchange rate was helping support demand for domestic production as well as the export of services, and generally left the sense that with the recent pick-up in activity (especially visible in the labour market), it was happy to leave rates at 2% for the foreseeable future. The 15Q3 house price index was also out, growing in line with consensus at 2.0% q/q.”