Goldman Sachs ‘bottom line’ on the Reserve Bank of Australia

Author: Eamonn Sheridan | Category: Central Banks

A Goldman Sachs note on the RBA minutes which were released Tuesday 

The GS note details the main points from the minutes and concludes with
Bottom line: 
  • The RBA's September Board Minutes remained generally positive, with few major changes to the outlook. 
  • The RBA continued to note above-trend growth and a falling unemployment rate, as well as a gradual improvement in wages growth. 
  • The RBA also appears broadly comfortable with the developments in the housing market despite recent mortgage rate increases by some banks. 
  • We continue to expect the RBA to remain on hold until late 2019. 

GS also note that the RBA continues to highlight US trade policy as a key uncertainty for the world economy

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