Minutes of the August RBA meeting: There are no good reasons for short-term interest rate changes

Market news

21 August 2018

Minutes of the August RBA meeting: There are no good reasons for short-term interest rate changes

The next rate movement is likely to be up, depending on the level of unemployment and inflation
The bank will become a source of stability and confidence, adhering to the current policy
The Australian dollar has fallen against the US dollar, but is still within the trading range of the last two years
Household consumption was supported by revenue growth in the second quarter
Uncertainties about the prospects for household consumption decreased

RBA: Core inflation is expected at 1.75% during 2018 and will increase to 2.25% in 2020

Swiss trade balance rose less than expected in July

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