RBA Minutes are out

RBA Minutes: No Near-term Move in Rates

Posted Tuesday, October 16, 2018 by
Rowan Crosby • 1 min read

The RBA Minutes are out and as expected there aren’t any real surprises. The AUD/USD hasn’t moved much as we would expect.

Some of the key points:

  • No near-term move in rates is on the cards
  • The weak AUD/USD is helping the economy
  • Keeping rates steady is a source of confidence and stability
  • Banking Royal Commission might lead to tighter lending
  • The next move in interest rates is likely to be up

Nothing that we can really take away from this so it is business as usual for the AUD/USD I would think,

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