RBA leaves interest unchanged at 1.50% as expected

RBA August 2018 Interest rate decision on 07.08.2018

• GDP growth to average a bit above 3%
• progress on inflation and unemployment to be gradual
• Headline inflation expected to remain lower than earlier expected in 2018
• Inflation expected to be higher in 2019/2020
• Low rates supporting economy
• latest inflation data in line with expectation
• Rate of wage growth appear to have troughed
• Wage growth remains low, expected to continue for a while
• AUD remains in a range past couple of years
• Business conditions are positive
• Household consumption a source of uncertainty

The statement 

AUD pretty much flat in the high 0.73s. Low inflation is a global concern, not only Australia’s . Neutral report, not to dovish, continue to hold small EURAUD short as long ass we’re below 1.5660.

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K-man

Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

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