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RBA Meeting minutes Dec 2010

Written by Sam Coxhead on December 21st, 2010.      0 comments

12:01 PM (AEST) The RBA minutes of the Monetary Policy meeting two weeks ago have been released and again are a very good overall assessment of both Australian and International markets and well worth a read if you have time. The link is copied below. Exchange rates are pretty much unchanged.
In short the RBA see strong signs continuing in major commodity markets of India and China, modest growth in the US and acknowledge the seemingly ever present threat of further disturbances in the European debt markets. Domestically the manufacturing and consumer sectors remain cautious, but overall business confidence is high and the labour market is strong. On balance they see they cash rate at 4.75% as appropriate,and mildly restrictive.
RBA Meeting Minutes Dec 2010
          Last 24 hours trade
  Current level Pre-RBA Mins Chge RBA Mins   Low High
NZD/USD 0.7411 0.7408 0.0%   0.7342 0.7438
AUD/USD 0.9928 0.9930 0.0%   0.9858 0.9951
NZD/AUD 0.7465 0.7461 0.1%   0.7434 0.7479
AUD/NZD 1.3395 1.3403 -0.1%   1.337 1.3451
NZD/GBP 0.4777 0.4775 0.0%   0.4741 0.4789
NZD/EUR 0.5648 0.5645 0.1%   0.5582 0.5664
NZD/JPY 62.08 62.05 0.0%   61.76 62.29
NZD/CAD 0.7545 0.7542 0.0%   0.7434 0.7570