RBA minutes: Steady rates appropriate, outlook remains data-dependent

By FXStreet FXStreet (Bali) – The minutes of the August 4th RBA meeting when interest rates were held steady at 2%, and in which the Central failed to provide an explicit easing bias, have been released.

The Central Bank notes that “given these considerations, the Board judged that it was appropriate to leave the cash rate unchanged. Information about economic and financial conditions would continue to inform the Board’s assessment of the outlook and whether the current stance of policy remained appropriate to foster sustainable growth and inflation consistent with the target.”

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Source:: FX Street