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RBA Minutes - A 25bps Hike Was Discussed, AUD A Touch Higher, 3yr Bond Futures Weaker

RBA

The RBA minutes have printed from the Feb policy meeting. The central bank considered an on hold outcome or a 25bps hike. It noted: ""In weighing up these two options, members judged that the case to leave the cash rate target unchanged was the stronger one." More details to follow.

  • The market reaction has seen AUD firm marginally. We were last at 0.6530/35, with earlier lows at 0.6526. OIS is 1bps firmer, while 3y futures 2bps weaker.

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