The Wall Street Journal overnight, referring to the RBA minutes released yesterday, says:
- The RBA has indicated it is increasingly comfortable with the current interest-rate settings
- Australia’s prospects of recovery continue to brighten
- Little urgency for continued rate cuts
- Recent data indicates the current low rate setting is “helping transition the economy away from a dependence on the resource industry by coaxing consumers into borrowing and spending more”
Australia’s Central Bank Sees No Urgency to Cut Interest Rates (The Wall Street Journal is often gated, so if you’re unable to access the article try a search of Google news using the headline)
