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RBA Monetary Policy Meeting Minutes released

Written by Andrew Isbister on February 15th, 2011.      0 comments

2:45 PM AM (AEST) 15 Feb. RBA Minutes of the Monetary Policy Meeting of the board were released this morning. They are a detailed record of the boards most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates. They are a good read for anyone wanting to take the time to get their in-depth thoughts. In a nut shell today's minutes held a mixed bag. Probably the main line of note was this: "The continuation of subdued growth in consumer spending and the lower-than-expected inflation outcomes provided additional time for the Board to assess at future meetings the evolving balance of risks to both output and inflation."
 
Given the comments, there is no real additional indicator provided as to whether they are currently pausing in rate tightening, or if they are possibly at the end of the tightening cycle. AUD reaction to the minutes was muted.

To read a copy of the full minutes, please click here.
 

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