From the Reserve Bank of Australia (RBA) meeting outcome:

  • No change to the cash rate, as expected by all analysts I’ve seen
  • Says prudent course is for a period of stability for rates (final paragraph is unchanged)
  • Still expects below trend growth for next few quarters
  • Says AUD remains above estimates of fundamental value given falls in key commodity prices
  • Says inflation running between 2-3% as expected, likely to continue
  • Says sometime yet before unemployment declines consistently

Quick headlines there via Reuters

Full text of the accompany statement is here


Why, yes … I am being sarcastic …

AUD is a little higher on the announcement – up around 20-25 points