RBA minutes: board agreed there was not a strong case for near-term move in policy

Market news

17 April 2018

RBA minutes: board agreed there was not a strong case for near-term move in policy

Wages expected to pick up gradually as leading indicators pointed to more job gains
An appreciation in the AUD should slow expected acceleration in economy
Economy "appeared likely" to grow faster this year than in 2017
Inflation to remain low for some time given retail competition, slow wage growth
Risk of escalation in global trade restrictions needed to be monitored closely

Fed’s Kaplan says 10-year yield at 2.85 pct puts limit on how high Fed can raise rates

RBA: given current circumstances, board agreed next move in rates likely to be up

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