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Muted reaction in the space to the.....>

AUSSIE BONDS
AUSSIE BONDS: Muted reaction in the space to the RBA decision. With little
outside of the small alterations to the inflation outlook, lower in short term,
higher in 2019 & 2020.
- The Bank's central forecast for the economy remains unchanged.
- The Bank also noted that the higher money market rates hasn't fed through to
bank deposits, and recent downtick from cycle highs.
- Also highlighted that the average rate payable on mortgages is lower than it
was a year ago.
- Notes slower growth in China & around U.S. trade policy.
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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