Back
20 May 2014
RBA minutes: Most conclusions likely known - RBS
FXStreet (Bali) - According to RBS, today's RBA minutes (due at 1.30 GMT) should offer little surprises to the market.
Key Quotes
"The RBA released the Statement on Monetary Policy (SoMP) following the May meeting, meaning that many of the conclusions on the outlook in the minutes are likely known."
"In their April minutes, the RBA mentioned the value of the AUD sparingly, noting only that "[t]he Australian dollar had appreciated, partly in response to domestic economic data, and it was now close to the level in November 2013, although on a trade-weighted basis the exchange rate was still about 12 per cent below its peak a year earlier."
Key Quotes
"The RBA released the Statement on Monetary Policy (SoMP) following the May meeting, meaning that many of the conclusions on the outlook in the minutes are likely known."
"In their April minutes, the RBA mentioned the value of the AUD sparingly, noting only that "[t]he Australian dollar had appreciated, partly in response to domestic economic data, and it was now close to the level in November 2013, although on a trade-weighted basis the exchange rate was still about 12 per cent below its peak a year earlier."