Reserve Bank of Australia monetary policy announcement
- Says continued low inflation would provide scope for easier policy
- Says AUD has appreciated somewhat recently
- Judged reasonable prospects for continued economic growth
- Appropriate for policy to be accommodative
- AUD rise partly reflects higher commodity prices
- Tighter regulations working to contain risks in housing market
- Inflation likely to remain low over next year or two
Under present circumstances an appreciating AUD could complicate economic adjustment
AUD rising .... as tipped ;-)
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Full text: Statement by Glenn Stevens, Governor: Monetary Policy Decision
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Cash rate remains at 2%, where its been since May of 2015
