RBA Minutes out now: Further fall in Australian dollar needed for economy

RBA Minutes out now:
Further fall in Australian dollar needed for economy
Prudent course likely to be period of rate stability
Board noted that market expected easing next year, discussed factors behind those market expectations
AUD still above estimates of fundamental value
GDP growth to be below trend over 2015
Subdued labour market likely to weigh on consumption growth
Inflation outlook consistent with target
Forward indicators consistent with relatively moderate jobs growth
Headlines via Reuters
Full text: Minutes of December 2014 Monetary Policy Meeting of the Reserve Bank Board

The Minutes of the December meeting.
They’ve been rendered a little less important this month given the governor’s interview in Australian Financial Review: RBA’s Stevens says AUD should be closer to 0.7500

One thing that sticks out and should be noted from reading between the lines. there will be no February rate cut.


Note: Investments in financial products are subject to market risk.  Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only. 

Tradervox.com is not giving advice nor is qualified or licensed to provide financial advice. You must seek guidance from your personal advisors before acting on this information. While we try to ensure that all of the information provided on this website is kept up-to-date and accurate we accept no responsibility for any use made of the information provided. Opinions expressed at Tradervox.com are those of the individual authors and do not necessarily represent the opinion of Tradervox.com or its management. Tradervox.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by Tradervox.com.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice.

Tradervox.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.

Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.

You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

By accessing this website, you accept our Terms and Conditions