DislikedSHORT NOW...!!! RBA: From the minutes of RBA's August 5 board meeting: -SIGNIFICANT DEGREE OF UNCERTAINTY REMAINS ABT OUTLOOK -AUD HIGH BY HIST STDS GIVEN NOTABLE FALL IN COMM PRICES -POLICY APPROPRIATELY CONFIGURED,STABLE RATE LIKELY AHEAD -OUTPUT GROWTH SOFTER NEAR-TERM BUT TO SLOWLY STRENGTHEN -INFLA SEEN CONSISTENT WITH BAND DESPITE RECENT HIGH READ -SUBDUED WAGE GROWTH TO HELP KEEP INFLA WITHIN TARGET -INT RATES FALLEN LITTLE FURTHER SINCE LAST CASH RATE CUT -CURR POLICY SETTING ACCOMMODATIVE, SUPPORTIVE OF DEMAND -TOTAL FALL IN INT...Ignored
RBA releases policy meeting minutes, repeats most prudent course of action is period of rate stability
~ Dailyfx