RBA Meeting Minutes
The RBA Meeting Minutes have moved the AUD/USD pair lower by ~ 20 pips as the market remains in a tight range to start the new trading day, early in the Asian session. The details of the minutes are as follows:
- Global growth at ‘reasonable pace’ is the most likely result.
- “Appropriate for rates to gradually move to normal.
- Australia growth may now be ‘at or close to trend.’
- March Minutes show the RBA is ready to respond to other outcomes.
- Mining industry to provide ‘significant’ growth boost.
- Europe debt concerns unlikely to impact global growth.
- Europe remains ‘weakest area’ in global economy.
- March increase a ‘timely’ step toward normal rates.
- Main risk from Greek debt problems is contagion.
- Recent economic figures ‘quite firm.’
- Established home market is very ‘buoyant.’
- Underlying inflation falling further in near term.
- Discussed sovereign risk issues associated with Greece.
- Policy decision based on ‘most likely’ outcome.’




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