RBA accompanying comments

Author: Eamonn Sheridan | Category: Central Banks
  • Downside risks for global economy abated
  • Chinese growth stabilized at fairly robust pace
  • Commodity prices have firmed
  • Growth likely below trend for coming year
  • Inflation likely to be consistent with target
  • inflation allows further easing if necessary
  • take time to see full impact of 2012 easings
  • A$ remains higher than expected
  • RBA sees more scope for other ares of demand to strengthen

The statement is more dovish than the market expected.

Full: Statement by Glenn Stevens, Governor: Monetary Policy Decision