The minutes from the RBA monthly March meeting were
released yesterday with the Central Bank of Australia not discounting
another rate cut choosing to conclude their statement with the following
comments. “In
considering whether or not to reduce the cash rate further at this
meeting, members saw benefit in allowing some time for the structure of
interest rates and the economy to adjust to the earlier change. They also
saw advantages in receiving more data to indicate whether or not the
economy was on the previously forecast path. Further, they noted the
greater degree of uncertainty about the behaviour of borrowers and savers
in a world of very low interest rates.
Taking account of all these
factors, members judged it appropriate to hold the cash rate steady for
the time being, while recognising that further easing over the period
ahead may be appropriate to foster sustainable growth in demand while
maintaining inflation consistent with the target.”
LTG GoldRock last night held Part 2 of their special Free Forex Coaching Sessions. You can review the recording here.
No comments:
Post a Comment