RBA Minutes of the Monetary Policy Meeting | Forex Factory

  • RBA Minutes of the Monetary Policy Meeting

    From rba.gov.au

    Members noted that growth of Australia's major trading partners had eased a little in the early months of 2015, but was forecast to remain close to its long-run average in 2015 and 2016. Minor revisions to the outlook largely reflected weaker growth in China in the March quarter, which had also been reflected in lower bulk commodity prices and hence a slightly lower terms of trade than previously forecast by staff. Monetary conditions remained very accommodative across the globe and low oil prices were also supporting growth of Australia's trading partners. Core inflation rates were below central banks' targets in ... (full story)

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hesron
May 18, 2015 6:58pm
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Quoting redalert
They said they would consider cutting rates again if necessary, and it seems this is likely consider AU economy needs a lower AUD
AUSTRALIA C.BANK MINUTES: BOARD DISCUSSED WHETHER TO CUT rate more IN MAY OR WAIT FOR JUNE MEETING
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dghent
May 18, 2015 8:34pm
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We must remember that the RBA do not panic, they also give time for a rate cut to have the desired effect so do expect another cut soon, at least for 2 more months, maybe just maybe August at the earliest.
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redalert
May 18, 2015 6:48pm
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Quoting senanata
so what? just curious. not interesting with AU
They said they would consider cutting rates again if necessary, and it seems this is likely consider AU economy needs a lower AUD
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17607
May 18, 2015 7:51pm
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Quoting senanata
so what? just curious. not interesting with AU
Then why u r positing such idiotic comments that AUD would go towards 0.75. If any newbie is trading he would act according to your foolish advice and would blow his account.Be mature...
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Sachu
May 18, 2015 8:13pm
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Well Said 17607

What the RBA wishes is not what happens in the market. They would like AUD to be at 0.70!

The market looks at its value V/S the other currencies and then works out its position on this.

Well said be more mature!!
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senanata
May 18, 2015 9:45pm
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Quoting 17607
Then why u r positing such idiotic comments that AUD would go towards 0.75. If any newbie is trading he would act according to your foolish advice and would blow his account.Be mature...
and what's ur fucking problem with that??!!! the only idiot comment is yours!! Go short or long of me is not ur fucking bussiness, njing!!!
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senanata
May 18, 2015 9:47pm
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Quoting 17607
Then why u r positing such idiotic comments that AUD would go towards 0.75. If any newbie is trading he would act according to your foolish advice and would blow his account.Be mature...
GROW UP and DO NOT ACT LIKE A SPOILED CHILD!! face ur own loss!!! LOL!!
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hesron
May 18, 2015 6:39pm
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Rba: Lower a$ both likely and necessary to help rebalance economy
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jegas
May 18, 2015 7:53pm
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Meeting minutes,may help to fall further Aussie $
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Pipomagic
May 18, 2015 7:21pm
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old news
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17607
May 18, 2015 6:37pm
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Quoting senanata
Prepare to go to 0.75 ??
so what? u seem to be short
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senanata
May 18, 2015 6:35pm
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Prepare to go to 0.75 ??
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senanata
May 18, 2015 6:41pm
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so what? just curious. not interesting with AU
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05renegade
May 18, 2015 10:30pm
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The currencies go where they go and none of us will be in control of them. The last interest rate decrease created the exact opposite to what the RBA wanted to see. If you are looking for logic, the forex market is not the place to start looking I am afraid. Your charts combined with fundamentals should be your guide. Arguing on this forum is a waste of time people, its supposed to be of help to everybody. If you don't like what someone has said, ignore them.
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andygrope
May 19, 2015 4:06pm
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Quoting Revalif
cangkul cangkul, cangkul yang dalam, menanam aud di kebun kita
well said!
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MamaThakral
May 18, 2015 7:28pm — Edited
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indeed pipo ... we is down 20 pips an hour after the story
after 3 down days risk is on the upside
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Trader#EE3C
May 18, 2015 7:04pm
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Members also discussed the potential risk that low levels of interest rates could foster imbalances in the housing market. <--- remember NZ much??? looks like more jawboning more than anything
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