We've just had the RBA March Minutes out
Link is here: RBA March meeting Minutes: Considered rate cut, decided to wait 4 more data
I've had a question in the comments to that post already, asking for my response (thanks a lot, Jerry :-D )
Here's my response ... bad grammar and spelling and all ...
Hi jerry - 3 weeks til the next meeting so some data to come to help them decide the next step.
Since the last meeting we've seen (an incomplete list, but here it is):
AUD lower
labour force data just OK
House prices higher again
Building approvals high and higher
...
Like I said, still 3 weeks to go and more data to assess .... but on the face of it where i stand right now ... no cut in April
---
ps. FOMC coming up .... if they drop patient then argues no RBA cut in April
If they don't ... then that favours a cut ....
Comments welcome
