In the Sydney Morning Herald today, in the wake of the RBA’s rate cut decision and less dovish accompanying statement is this (my bolding):
- The Reserve Bank has surprised financial markets by shifting to a less dovish stance even as it cut interest rates to help stimulate an economy adjusting to the end of the resources boom.
- analysts narrowed in on comments that were missing in Tuesday’s statement, which suggested the rate-cutting cycle may be coming to an end.
- Previous monthly statements by the governor had noted the outlook for inflation may ”provide some scope for further easing”, but Tuesday’s statement was silent on this issue.
Yes, indeed. That’s what jumped out at me in the accompanying statement yesterday in the immediate aftermath of the announcement.
h/t to TrendLine in the comments for the article
Source; Sydney Morning Herald graphic accompanying the article
