RBA December minutes: Upside inflation risks had diminished ...Middle East

forex live - News

I posted a recap of this meeting as a bit of a preview of this. Its here:

RBA's (slightly) softened tone

Headlines via Reuters:

Policy needed to be "sufficiently restrictive" until confident on inflation.The board had minimal tolerance for inflation remaining above target for too long.The board had gained confidence on inflation since the prior meeting, but risks remained.Future data in line or weaker than forecast would give more confidence on inflation.It would then be appropriate to begin relaxing the degree of policy tightness.If data proved stronger, it could mean a longer period before easing.The board saw signs policy was not as restrictive as the level of the cash rate would suggest.The labor market was resilient, and service inflation was more persistent.Wages had slowed more than expected, which could mean the labor market was not as tight as thought.Monthly CPI suggested modest downside risk to Q4 inflation forecasts.Upside inflation risks had diminished, and downside risks to activity had grown.The board noted more data and updated forecasts would be available by the February meeting.It was not possible to judge the impact on Australia of Trump policies until more is known.

AUD/USD little changed around 0.6240 (despite my rant earlier ;-) )

Full text here

This article was written by Eamonn Sheridan at www.forexlive.com.

Read More Details
Finally We wish PressBee provided you with enough information of ( RBA December minutes: Upside inflation risks had diminished )

Also on site :

RBA December minutes: Upside inflation risks had diminished ...Middle East

RFK Jr. Wants Every American to Be Sporting a Wearable Within Four Years

Santa Clara County appoints new Registrar of Voters who started in 2004 as a temp worker

City Council agrees to settlement for former COO Eric Dargan

Roy Woods Is ‘In the Moment,’ Showing Off New Side With ‘Dark Nights’ Short Film

Wi-Fi warning in US as Iran look to seek revenge on Americans by targeting connected devices – how to protect your phone

Jonathan Bailey Defends Kissing Married Friend Scarlett Johansson

EAGLE HILL CONSULTING AGAIN NAMED A TOP WORKPLACE BY THE WASHINGTON POST

Innovative Eyewear, Inc. Announces Closing of Exercise of Warrants

The Spotlight on Pixar Intensifies as ‘Elio’ Becomes Latest Original Animated Pic to Crash Land

WHOA! Calm DOWN, Chuckles! Chuck Schumer LOSES It Over Trump During Presser, BANGS on Podium (Watch)

'Thunderbolts' Director Reacts to X-Men Reboot Rumors

The Fed won’t lower rates like Trump wants because it sees ‘meaningful’ inflation spike later this year

Failed Trump cabinet pick Matt Gaetz and wife Ginger Luckey are having a ‘Baby Gaetz’

Taylor Swift’s Bestie Beams in Rare Sighting With New Husband: ‘He Seems So Sweet’

Where the New York City Mayoral Primary Candidates Stand on the Issues