- Strong growth in resources exports expected.
- Should not close off possibility of further easing
- Neither did members want to single an imminent intention to cut rates further.
- AUD still high by historical standards, possible could fall further to help re-balancing.
- Inflation to remain within target range even with impact of lower AUD.
- Chinese economy unlikely to pick up in the coming quarter.
- Housing market improving, pick up in home building moderate rather than strong.
- AUD/USD immediately moved higher from 0.9089 to 0.9118.
- No immediate reaction in the ASX200.
Print 01:30, 20 Aug 2013 - Asian News - Source: Newswires
RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: