RBA monetary policy statement: the Aussie remains high by historical standards despite the recent declines

Noticias del mercado

7 noviembre 2014

RBA monetary policy statement: the Aussie remains high by historical standards despite the recent declines

The Reserve Bank of Australia (RBA) released its quarterly monetary policy statement on Friday:

Australian gross domestic product is expected to grow below trend until mid-2015;
"The very accommodative monetary policy settings will continue to provide support to demand and help growth to strengthen, in time";
The Australian dollar remains high by historical standards despite the recent declines;
"A gradual strengthening of economic growth should, in time, lead to stronger growth of employment;
Inflation is expected to be within the RBA's 2-3% target over the next two years.

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