- Analytics
- News and Tools
- Market News
- RBA Minutes: Prepared to ease monetary policy further – ANZ
RBA Minutes: Prepared to ease monetary policy further – ANZ
According to the analysts at Australia and New Zealand Banking Group (ANZ), the Reserve Bank of Australia (RBA) minutes revealed that the central bank remains open to further easing if needed.
"The minutes do not specifically refer to the need for the economy to deteriorate before the RBA will consider another rate cut. They suggest an open approach to lack of progress toward the Bank's target is still a possible trigger for a move lower.
But we are careful about overplaying this as Governor Lowe has been clear about what economic developments would be needed to get the Bank back to easing.
In his speech on 5 February, the Governor of RBA concluded that − given the cost of low interest rates − things would have to get worse for the RBA to ease again.
In contrast the minutes from the RBA's February meeting do not make any reference to higher unemployment or lower inflation being necessary for another rate cut."
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
