From the FXWW Chatroom: RBA Minutes:
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2017/2017-11-07.html
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2017/2017-11-07.html
-RBA Minutes: Board Judged Steady Policy Consistent With Inflation, Growth Goals
-“Considerable Uncertainty” On How Quickly Wages Might Pick Up, Add To Inflation
-Pass-Through To Inflation Could Be Delayed By Many Factors Including Retail Competition
-RBA Minutes: Competitive Pressures On Retail Margins And Costs Expected To Last For Some While
-Board Discussed Global Trend Of Wages Growth Lagging Unemployment
-Any Further Rise In A$ Would Slow Expected Pick-Up In Inflation, Economy
-RBA Minutes: Local Labour Market Had Been Surprisingly Strong, Above-Average Jobs Growth Likely To Continue
-Rising Participation Meant Jobless Rate To Fall Only Slightly To 5.25% By End 2019
-RBA Minutes: Saw More Upside Risks To Non-Mining Business Investment, Infrastructure Spending A Boost
-GDP Growth Of Around 3% Over Next Few Years, Subdued Productivity
-RBA Minutes: Noted Importance Of Data And “Evidence-Based Policymaking” In Lifting Productivity
-Housing Market Had Eased In All Major Cities, Still Relatively Strong In Melbourne
-“Considerable Uncertainty” On How Quickly Wages Might Pick Up, Add To Inflation
-Pass-Through To Inflation Could Be Delayed By Many Factors Including Retail Competition
-RBA Minutes: Competitive Pressures On Retail Margins And Costs Expected To Last For Some While
-Board Discussed Global Trend Of Wages Growth Lagging Unemployment
-Any Further Rise In A$ Would Slow Expected Pick-Up In Inflation, Economy
-RBA Minutes: Local Labour Market Had Been Surprisingly Strong, Above-Average Jobs Growth Likely To Continue
-Rising Participation Meant Jobless Rate To Fall Only Slightly To 5.25% By End 2019
-RBA Minutes: Saw More Upside Risks To Non-Mining Business Investment, Infrastructure Spending A Boost
-GDP Growth Of Around 3% Over Next Few Years, Subdued Productivity
-RBA Minutes: Noted Importance Of Data And “Evidence-Based Policymaking” In Lifting Productivity
-Housing Market Had Eased In All Major Cities, Still Relatively Strong In Melbourne
Australia’s dollar is set to fall to the weakest since the aftermath of the global financial crisis in 2009 as it loses its standing as a high-yielding currency, according to Morgan Stanley.
The Aussie will probably drop to US65¢ in 2019 as the nation’s benchmark rate will eventually go below the Federal Reserve’s, said Hans Redeker, the London-based chief global currency strategist at Morgan Stanley, the most bearish forecaster of the currency.
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