No change to the cash rate, as expected by everyone
From the accompanying statement:
- RBA says prudent course is period of stability in rates
- AUD still above estimates of fundamental value, given falling commodity prices
- Says inflation to be consistent with target band
- Most data consistent with moderate economic growth
- Still sees below trend growth for next few quarters
- Home prices continue to rise
- Says sees inflation continuing to run between 2-3 pct
- Will be some time yet before unemployment falls
Quick headlines via Reuters
Link to full text of the accompanying statement
more to come
