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Looking Through RBA Minutes

AUSSIE BONDS

The space looks through the release of the minutes of the RBA's December monetary policy decision, with YM -0.2 and XM +0.4.

  • There was always a high bar for the release re: its potential to be market moving, with the Bank affirming recent rhetoric from the RBA Governor surrounding the evolution of its QE scheme: "Members agreed to keep the size of the bond purchase program under review. At its future meetings, the Board will closely monitor the effects of the bond purchases on the economy and on market functioning, as well as the evolving outlook for jobs and inflation. The Board is prepared to do more if necessary."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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