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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