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2 Jun 2015
RBA: Further depreciation in AUD necessary – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team reviews and shares the key points from RBA’s policy statement.
Key Quotes
“The central bank left rates on hold at 2% and reiterated its comments on currency, where "further depreciation seems both likely and necessary”."
“The policy outlook component of the statement was clouded by data-dependency against the expectation of an outright return to an easing bias in light of the latest soft CAPEX figures out last week. RBA said "information on economic conditions in the period ahead" would drive the Board's assessment of the outlook and the current stance of policy.”
Key Quotes
“The central bank left rates on hold at 2% and reiterated its comments on currency, where "further depreciation seems both likely and necessary”."
“The policy outlook component of the statement was clouded by data-dependency against the expectation of an outright return to an easing bias in light of the latest soft CAPEX figures out last week. RBA said "information on economic conditions in the period ahead" would drive the Board's assessment of the outlook and the current stance of policy.”