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AUSTRALIA
AUSTRALIA: With the RBA's October MonPol meeting minutes due at the bottom of
the hour it is worth recapping the key takeaways from the statement that
accompanied the Bank's October MonPol decision.
- The RBA statement offered little fresh insight into the Bank's view regarding
the domestic economy, as it left the cash rate unchanged at 1.5%. Global
inflationary pressures via higher oil prices, wage growth and the U.S. fiscal
stimulus programme were noted in the opening paragraph.
- The RBA acknowledged the recent developments re: the domestic labour market
and GDP data, but the central language around the matters were little changed.
The RBA noted that wage growth has picked up a little.
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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