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Minutes of the Monetary Policy Meeting of the Reserve Bank Board
Members commenced their discussion of international economic developments by noting that Russia's invasion of Ukraine had contributed to high and volatile commodity prices at a time of strong demand as the global economy recovered from the COVID-19 pandemic. This would further boost global inflation in the period ahead. The related increase in uncertainty and fall in real incomes would weigh on economic activity in some regions, particularly commodity-importing countries in Europe, where growth forecasts for 2022 had been revised downwards to the greatest extent. For commodity-exporting countries, previous episodes ... (full story)
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RBA MINUTES AUSTRALIAN ECONOMY HAD REMAINED RESILIENT AND SPENDING WAS PICKING UP FOLLOWING THE SETBACK CAUSED BY THE OUTBREAK OF THE OMICRON VARIANT
— First Squawk (@FirstSquawk) April 19, 2022
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RBA MEETING MINUTES: INFLATION HAD INCREASED AND A FURTHER RISE WAS EXPECTED, WITH UNDERLYING INFLATION MEASURES IN THE MARCH QUARTER EXPECTED TO BE ABOVE 3%.
— Breaking Market News (@financialjuice) April 19, 2022
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AUD/USD shoots above 0.7360 as the RBA releases April’s monetary policy minutes
AUD/USD has bounced back sharply from 0.7350 on the release of the RBA April’s minutes. • The RBA kept its interest rates unchanged in April and dictated neutral guidance. A minor correction in the US Treasury yields has pressured the DXY. The AUD/USD pair has rebounded firmly after hitting a low of 0.7350 in the Tokyo session as the Reserve Bank of Australia (RBA) has released the minutes of the monetary policy announced in the first week of April. Earlier, the announcements made in April’s monetary policy brought an intense sell-off in the asset as RBA chair Philip Lowe adopted a neutral stance. An unchanged ... (full story)
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NotAtrader
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