Free Trial

MNI POLICY: The Reserve Bank of Australia.......>

RBA
RBA: MNI POLICY: The Reserve Bank of Australia left the cash rate on hold at
1.5% Tuesday as expected by both the markets and the economists. This was the
22nd straight meeting that the cash rate has been left on hold. The RBA last
moved the rate in August 2016 when it lowered by 25 basis points to 1.5%.
- As flagged in MNI State of Play, the RBA maintained its glass-half full
approach and reiterated that the outlook remains for further progress in
reducing unemployment and returning inflation to target. However, if viewed
closely, the statement is more dovish compared to July.
- For full story see MNI Main Wire at 05:56 BST 08/07, or contact us for access.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

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.