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RBA

As expected, the RBA left its broader monetary policy settings unchanged at its June meeting, with no change in its forward guidance, and nothing in the way of fresh, meaningful information provided. The updates surrounding the economy were more of a mark to market exercise for the Bank, with no change in its underlying view surrounding inflation. July's gathering will prove to be much more interesting, given the key decisions that will take place at that meeting re: the Bank's yield curve targeting scheme and the next tranche of QE.

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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