Announcement from the Reserve Bank of Australia monetary policy board meeting today

  • RBA says to continue assessing whether current rate setting effective
  • Leaving rates unchanged appropriate
  • Says policy needs to be accommodative
  • Says growth seen below longer-term average
  • AUD adjusting to declines in commodity prices
  • Inflation consistent with target
  • Says employment growth has been somewhat stronger

Quick headlines via Reuters

Full text of the accompanying statement from Governor Stevens

Note that comment on the AUD ... no longer saying further falls in AUD likely and necessary! That's been dropped from the statement.

And the AUD is higher immediately