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MNI BRIEF: Less Restrictive Conditions Discussed - RBA Minutes

MNI (SYDNEY) - The Reserve Bank of Australia board noted inflation could prove less persistent, even without weaker-than-expected activity, should rent inflation or petrol prices fall faster than expected, leading to less restrictive financial conditions, the minutes of September’s meeting showed. 

The material decline in other commodity prices could also reduce firms’ cost base “or the decline in discretionary spending flowed through materially more quickly to services inflation,” the minutes stated. 

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MNI (SYDNEY) - The Reserve Bank of Australia board noted inflation could prove less persistent, even without weaker-than-expected activity, should rent inflation or petrol prices fall faster than expected, leading to less restrictive financial conditions, the minutes of September’s meeting showed. 

The material decline in other commodity prices could also reduce firms’ cost base “or the decline in discretionary spending flowed through materially more quickly to services inflation,” the minutes stated. 

Keep reading...Show less