- inflation outlook may provide some scope for further easing should it be required to support demand
- says the financial conditions now is place will contribute to a strengthening of growth over time
- consistent with acheiving the inflation target
- monetary policy remains appropriate for the time being
AUDUSD initially dipped a few pips but now higher again at 0.9729. AUDJPY 97.00 AUDNZD 1.2070
Add:
- RBA says aussie dollar remains high considering decline in export prices despite recent depreciation
- previous rate cuts have supported spending
