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Free AccessMNI: RBA Stands Ready To Ease Further If Needed: Minutes Text
--RBA Accepted There Had Been A Strong Case For A Nov Cut
SYDNEY (MNI) - The Reserve Bank of Australia is prepared to cut official
interest rates again if needed to stimulate employment and a flow through to a
pick-up in consumption spending and inflation, the minutes of the Sept 5 policy
meeting show.
The minutes also showed the RBA Board accepted a "case could be made" for a
cut in November.
The full text of the Nov 5 minutes can be found here:
https://tinyurl.com/sdg2hzo
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: MMLRB$,M$A$$$,M$L$$$]
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.