Reserve Bank of Australia Monetary policy Meeting Minutes
How Dovish Is the RBA?
Starts Tuesday, August 20, 2019 at 01:30
Updated Wednesday, August 14, 2019
The Reserve Bank of Australia kept the interest rates on hold for quite some time but in the last meeting, they turned dovish. Risks have increased for the Australian economy as the report for Q4 of last year showed a slowdown to just 0.3%. The Reserve Bank of Australia has been keeping a slightly hawkish bias towards rate hikes, but in the previous meeting, they turned sort of dovish and are just as likely to cut interest rates now as to hike them. That day the Aussie ended 100 pips lower. In the previous two meetings, the RBA cut interest rates by 50 bps in total, although they let us know that they might pause with rate cuts for now, so it will be interesting what they discussed in the last meeting. But, the other major central banks are growing increasingly dovish and the trade war precipitated again, so it will be interesting to see where the RBA stands now. Please follow us for live coverage of this event by experienced market analysts.
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About Reserve Bank of Australia Monetary policy Meeting Minutes
Two weeks after an interest rate decision, the Reserve Bank of Australia (RBA) publishes a transcript of its previous meeting. The RBA minutes are a full disclosure of the dialogue surrounding the policy decisions and competing viewpoints. Member votes are documented, as is commentary surrounding upcoming policy decisions.