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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: More Easing Traction As Econ Opens: RBA Minutes
The effective transition of easier monetary policy had been "impaired" by the economic lockdowns and further easing "would gain more traction" as the economy opened up, according to the minutes from the Reserve Bank of Australia's October meeting.
The board also considered the effect of lower interest rates on wider community confidence and people reliant on interest income.
Policymakers also agreed that lower rates would help promote stability "by strengthening the economy and private sector balance sheets, thereby lowering the number of non-performing loans."This needed to be balanced against the risk of investors looking for yield, particularly the prospect of greater leverage in the housing market, the minutes showed
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.