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Minutes of the Monetary Policy Meeting of the Reserve Bank Board
Members commenced their discussion of the international economy by observing that global growth had eased in the second half of 2018 and looked to have continued at around this more moderate rate in 2019. Growth in Australia's major trading partners was also expected to continue at around this slower pace over 2019 and 2020. Members also observed that the outlook for China continued to be a significant uncertainty for the global growth outlook, as were trade tensions, which had escalated again between the United States and China immediately prior to the meeting. Global financial conditions had become more ... (full story)
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RBA Minutes of May Meeting: Rate cut likely appropriate if no further jobs improvement #AUDUSD #RBA
— DailyFX Team Live (@DailyFXTeam) May 21, 2019
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#RBA May Meeting Minutes:
— DailyFX Team Live (@DailyFXTeam) May 21, 2019
- Board sees risks to its outlook from both sides, but space capacity in the economy will remain for some time
- RBA will watch labor markets closely, indicators mixed
- Policymakers considered scenarios where a rate cut would likely be appropriate
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RBA Minutes: RBA Minutes Drop Line That Board Saw "No Strong Case" For A Near-Term Move In Policy
— LiveSquawk (@LiveSquawk) May 21, 2019
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RBA Minutes: Q1 Inflation Noticeably Lower Than Expected, Housing Having Disinflationary Effect
— LiveSquawk (@LiveSquawk) May 21, 2019
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RBA Minutes: GDP Growth To Be Supported By Higher Exports, New Mining Investment Projects
— LiveSquawk (@LiveSquawk) May 21, 2019
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