Summary RBA Meeting:
RBA Minutes:
-Members Observed That Inflation Had Picked Up More Quickly Than The Bank Had Expected
-Board Is Prepared To Be Patient As It Monitors How The Various Factors Affecting Inflation In Australia Evolve.
-Members Observed That Inflation Had Picked Up More Quickly Than The Bank Had Expected
Source : LiveSquawk & RBA.gov.au
From the statement above we can conclude that Australian Dollar (AUD) sentiment is Netral-Bearish because the board didn't explain clue about faster rate hike, still Data-Depandent & not given inflation outlook should take action more agressive in making MonPol Action in the future.
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Ghodam
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