-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessREPEAT: POV: RBA Minutes To Reaffirm Bank's.....>
RBA: REPEAT: POV: RBA Minutes To Reaffirm Bank's Glass Half Full View
- The lack of dovish rhetoric accompanying the RBA's September MonPol decision
was the key takeaway as the Bank left its cash rate unch. at 1.5%. Some of the
language was more hawkish at the margin as the Bank noted that "in H118, the
economy is estimated to have grown at an above-trend rate," which was vindicated
by the Q2 GDP data. The Bank's language surrounding mortgage rates was constant,
in lieu of the recent out of cycle hike from Westpac (which was followed
post-meeting by ANZ & CBA). The bank altered its language re: the labour market,
but reiterated that it still expected a gradual decline in unemployment, another
view that was vindicated via the subsequent labour market report.
- Central View: A glass half full approach reiterating the next move in the cash
rate will likely be up, downplaying the recent tightening in mortgage rates.
- Hawkish Risk: A focus on the stronger than expected growth outlook &
tightening labour market making the Bank more confident in parts of the Minutes.
- Dovish Risk: A focus on the potential for further mortgage rate hikes, an
unlikely focus as outlined in MNI insight pieces, and/or EM & trade war worry.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.