As it happened:
- Reserve Bank of Australia CUTS RATES by 25bps
- Full text of the RBA statement February 3, 2015
- Plenty of jawboning, little guidance in RBA statement
The RBA had a few words to say on the AUD in the midst of their statement … in brief:
- Says AUD still above most estimates of fundamental value
- Says further fall in AUD likely to be needed to balance economy
Note this from back in mid-December: RBA’s Stevens says AUD should be closer to 0.7500
Its not far from Stevens’ wish:
