Dislikedwere people honestly thinking rate was possibly going down and a no change is hawkish. Im sure the RBA minutes will as usual be somewhat dovish. 9370 is an area to be careful and see what price does.Ignored
The Australian dollar rose recently, but is still about 10 per cent below its level in April. A lower level of the currency than seen at present would assist in rebalancing growth in the economy.
At today's meeting, the Board judged that the setting of monetary policy remained appropriate. The Board will continue to assess the outlook and adjust policy as needed to foster sustainable growth in demand and inflation outcomes consistent with the target."