RBA Monetary Policy Meeting Minutes
The RBA released the minutes from it’s FEb 2nd meeting; here are the highlights.
- February rate pause was ‘finely balanced” decision.
- Rate increases are not needed at every meeting.
- RBA board says concerns on sovereign debt had increased.
- Earlier rate raises have given the board more flexibility.
- More increases in cash rate are likely needed.
- Cash rate is no longer exceptionally accommodative.
- Mining sectory growth will be stronger.
- Inflation will be consistent with it’s target.
- Bond issuance by Australian banks has been large.
- Rate pause gives it time to monitor overseas events.
- Australian business investment will pick up.
- There is uncertainty over pace of growth in major economies.




No Responses to “RBA Monetary Policy Meeting Minutes”
Add a comment