RBA minutes: judged steady policy consistent with growth and inflation targets at August meeting

Market news

15 August 2017

RBA minutes: judged steady policy consistent with growth and inflation targets at August meeting

Needed to balance risks from high household debt in a low-inflation environment
Some easing of house prices in Sydney, Melbourne but mortgage credit still outpacing income growth
Rba says house prices, household debt warranted "careful monitoring"
GDP growth likely picked up in q2, economy seen growing around 3 pct for 2018 and 2019
Recent strong employment, hike in minimum wage could support incomes and spending
Further rise in AUD could lead to slower growth, lower inflation
AUD had risen amid broad-based decline in the U.S. dollar
RBA board noted improvement in global economy, particularly in China and euro area

Positive start of trading expected on the main European stock markets: DAX + 0.4%, CAC 40 + 0.4%, FTSE 100 + 0.1%

President Trump tells Japan's P.M. Abe during phone call that U.S. "stands ready to defend and respond to any threat or actions taken by North Korea against the United States or its allies, South Korea and Japan" - White House statement

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