Australia RBA interest rate decision on 05.06.2018
- Inflation is low and is likely to remain so for some time, reflecting low growth in labour costs and strong competition in retailing.
- An appreciating exchange rate would be expected to result in a slower pick-up in economic activity and inflation than currently forecast.
- The housing markets in Sydney and Melbourne have slowed.
- Financial markets have been affected by political developments in the eurozone, particularly in Italy.
- Here’s the link to the statement
Basically a rinse and repeat plus Italy and trade.
AUDUSD a spread lower 0.7628 from 0.7635 as the market may have hoped for a slightly more hawkish one perhaps
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