RBA Statement on Monetary Policy | Forex Factory

  • RBA Statement on Monetary Policy

    From rba.gov.au Story is in PDF Format

    Globally, monetary policy remains very accommodative and is supporting economic activity, although inflation remains below most central banks’ targets. The US Federal Reserve raised the federal funds rate target in December for the first time in nearly 10 years, although the stance of policy in the United States remains very accommodative and the pace of future rate increases is expected to be very gradual. In December, the European Central Bank (ECB) announced a package of measures designed to ease monetary policy further. More recently, the Bank of Japan also eased policy further by reducing the rate it pays on ... (full story)

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lasty
Feb 4, 2016 9:37pm
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RBA once again on cloud nine?
Global economy has stalled even the FED has second thoughts about future rate rises hence the sell off but still RBA knows best.
The rosey outlook the RBA predicts is contradictory to the Govt Future Fund whereby its gone into defensive mode.
China has been spending its reserves like never before.
Banks are cutting staff globally and some large global banks look like they could fail.
IMO I think we are in worst shape than in 2008 as central banks have little room to move.
But hey give me a glass of that optimistic rose the RBA are drinking, I hope they are right but im suspecting its cheap plonk and its about to give me a hangover from hell.
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PaulDaemon
Feb 4, 2016 10:14pm
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Quoting lasty
RBA once again on cloud nine?
Global economy has stalled even the FED has second thoughts about future rate rises hence the sell off but still RBA knows best.
The rosey outlook the RBA predicts is contradictory to the Govt Future Fund whereby its gone into defensive mode.
China has been spending its reserves like never before.
Banks are cutting staff globally and some large global banks look like they could fail.
IMO I think we are in worst shape than in 2008 as central banks have little room to move.
But hey give me a glass of that optimistic...
Reply
05renegade
Feb 4, 2016 11:12pm
Permalink
All the commodity based countries are going down for the count especially if they are mining and oil reliant. The RBA are full of dreamers.
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Trader#EC6D
Feb 5, 2016 1:09am
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At the end of the trading day the USD is still the prettiest in the room and all the so called x - perts are going in the wrong direction....
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