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AUD a few points lower after the RBA Statement repeated dovish themes

AUD a few points lower after the RBA Statement repeated dovish themes

Central Banks
Eamonn Sheridan
05/11/2021 | 00:54 GMT

Reserve Bank of Australia SoMP post is here: RBA Statement repeats will need to see wages growth materially higher for a rate hike

From that post my TL;DR version of the message:

(me paraphrasing):

  • rate hike will be in 2024 according to our forecasts, unless conditions to hike are met earlier than that.

RBA forecasts are pretty much always wrong. I'd throw stones but being in a glass house, maybe not. Then again I am not a genius PhD.

rba aud somp 05 November 2021

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