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RBA releases upbeat Monetary Policy Statement

Written by Sam Coxhead on February 4th, 2011.      0 comments

1:53 AM (AEST) The RBA just released their quarterly Monetary Policy Statement. The AUD jumped 20-30pts on this release against its trading partners. Click here for the full statement It makes for good reading for those with interest in how the RBA perceive the global economic conditions playing out. They sight better International conditions and a domestic economy that remains cautious, but whose sentiment looks to be improving
Of note is the fact that the RBA have raised the GDP growth expectations for 2011 to 4.5% and see CPI (inflation) increasing to 3%. The interest rate markets have pushed yields higher on the back of this and currently have 34pts priced in by December , up from just the one 25pt hike earlier.

          Last 24 hours trade
  Current level Pre-RBA MPS Chge since RBA MPS   Low High
NZD/USD 0.7733 0.7734 0.0%   0.7619 0.7673
AUD/USD 1.0174 1.0145 0.3%   1.0083 1.0163
NZD/AUD 0.7599 0.7622 -0.3%   0.7599 0.7669
AUD/NZD 1.3159 1.3120 0.3%   1.3039 1.3159
NZD/GBP 0.4790 0.4790 0.0%   0.4744 0.4796
NZD/EUR 0.5673 0.5675 0.0%   0.5582 0.5679
NZD/JPY 63.13 63.15 0.0%   63.41 63.78
NZD/CAD 0.7653 0.7657 -0.1%   0.7615 0.7673