DislikedI don't know why the RBA minutes have been labeled as 'generally positive' by some here. IMO, it clearly points to a dovish policy. Here are some excerpts: {quote} ... {quote} Here they clearly say they are uncertain over the sustainability of consumer and business confidence. Also they state that it will take at least 1 year or so that the economic activity would return to the average trend. How else could they cast doubt on the recent upbeat data?! {quote} Here I have highlighted the most important part of the minutes. The options on table were...Ignored
Think about this, current rate is the lowest rate in recent 25 years. But AUD is still very strong. Low rates booming real estate markets but other business are still struggling.
When China changing their economic structure and slowing down their GDP, Aussie have to face very big trouble. This country highly rely on minerals and coles in the past 10 years. Howerver, China doesn't need as much as they used to.
I think RBA has no idea about what to do to make things correct.