RBA Statement

RBA Statement

From rba.gov.au

Statement by Glenn Stevens, Governor: Monetary Policy Decision At its meeting today, the Board decided to leave the cash rate unchanged at 4.25 per cent. Information becoming available since the December meeting confirms that economic conditions in Europe were weakening late last year, with risks still skewed to the downside. Reflecting this, most forecasters have lowered their forecasts for world GDP growth this year to a below trend pace. That said, recent data from the United States suggest a continuing moderate expansion after a soft patch in mid 2011. Growth in China has moderated as was intended, but on most ... (full story)

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Feb 7, 2012 12:40am

judging from the previous ANZ job ads increase, it is expected that they wont cut the rate
hence the decision to keep it @4.25 should have been received as a positive confirmation that the economy is not so bad
oh well whatever

grandia

Feb 6, 2012 10:19pm

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leave the cash rate unchanged @4.25 = a big down in the ASX futures
where's the logic?

Sanguis

Feb 7, 2012 3:04am

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ForexStreet_CEO Francesc Riverola
Chris Walker @ UBS: "As we think eventually the SNB will raise its floor to 1.25-1.30 as deflationary pressures (cont) tl.gd/fp8u0n

Feb 6, 2012 10:55pm

^ based on?

Feb 6, 2012 10:25pm

Who cares I made 90 pips on the spike. Then sold @ 1.0800 for another 20 pips. Thank you aussie's.

Trader#EB67

Feb 7, 2012 12:41am

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Unfortunately, the RBA has lost contact with the real situation imho, It doesnt matter to them that they have got it wrong, they can adjust in a month or two. We are still in a 2 speed aconomy and will remain so until the A$ is under parity, our retailers are a dying bread and our tourist industry in a basket case. We need to get the economists out of the RBA and put in Industrialists in there, the present members have done nothing for us, At 64 Im unemployed and cannot get a job!!

Trader#129F

Feb 7, 2012 6:47am

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It's so great that the trend is always up up up ....... we earn from the interest yet with the trend going up up up ..... That's double win .... it is just how to manage the stop loss in case this pair plung like hell.