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  • Statement on Monetary Policy, February 2019

    From rba.gov.au Story is in PDF Format

    The Australian economy is growing a little above trend, although GDP growth slowed unexpectedly in the September quarter. In contrast, the labour market continues to improve, with the unemployment rate having fallen to 5 per cent. Underlying inflation remains low but is above its trough. The Bank’s growth forecasts have been revised down in light of recent data, particularly for consumption. GDP growth is expected to be around 3 per cent over this year and 2¾ per cent over 2020. With growth expected to be a little above trend and the unemployment rate continuing to decline, underlying inflation is expected to ... (full story)

Added @ 7:42pm
  • RBA shifts to a more balanced view

    From westpaciq.westpac.com.au

    The RBA has started the year with a significant shift, lowering its growth outlook and acknowledging greater uncertainties and downside risks. While the Board still expects the economy to track towards its employment and inflation targets, and does not see a strong case for a near term change in the cash rate, there has been a clear change in emphasis. In particular, the Governor has moved from the view, expressed throughout 2018, that “the next move in the cash rate was more likely to be an increase than a decrease” to one in which the probabilities of the next move being up or down are “more evenly balanced”. This move to a balanced ... (full story)

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  • Post #1
  • Quote
  • Feb 7, 2019 7:47pm Feb 7, 2019 7:47pm
  •  Guest
  • | IP XXX.XX.211.45
Key

The Reserve Bank Board has maintained the
cash rate at 1½ per cent since August 2016.
This expansionary setting of monetary policy
has helped support growth and create the
conditions for lower unemployment and a
gradual increase in inflation. The steady setting
of monetary policy has supported stability and
confidence in the Australian economy
  • Post #2
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  • Feb 7, 2019 8:07pm Feb 7, 2019 8:07pm
  •  Aussi
  • Joined Sep 2013 | Status: Member | 3,397 Comments
Quoting Guest
Disliked
Key The Reserve Bank Board has maintained the cash rate at 1½ per cent since August 2016. This expansionary setting of monetary policy has helped support growth and create the conditions for lower unemployment and a gradual increase in inflation. The steady setting of monetary policy has supported stability and confidence in the Australian economy
Ignored
>>KEY<< banks have all ready put rate far above the bench rate so who is he trying to kidd
1
  • Post #3
  • Quote
  • Feb 7, 2019 8:39pm Feb 7, 2019 8:39pm
  •  mae4206
  • Joined Jul 2011 | Status: Cool ☺ | 113 Comments
my only question is how low it can go down😂
  • Post #4
  • Quote
  • Feb 7, 2019 11:05pm Feb 7, 2019 11:05pm
  •  asiantrader5
  • | New Member | Status: Junior Member | 2 Comments
all the gains from 24 of Jan is gone....gone
1
  • Post #5
  • Quote
  • Feb 8, 2019 12:27am Feb 8, 2019 12:27am
  •  cogs
  • | Joined Jul 2010 | Status: Member | 107 Comments
Quote
Disliked
and the unemployment rate continuing to decline
the only way that can happen is if they continue to shift the goal posts on how the data is presented, which I guess will simply happen.
Reserve can't drop rates as it will not be passed on, with banks moving on up anyways, they can't raise either, quite frankly they are stuffed!
1
  • Post #6
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  • Feb 8, 2019 6:35am Feb 8, 2019 6:35am
  •  tylerbose
  • Joined Oct 2011 | Status: don't trade like i do | 57 Comments
Made 50 pip 😀
  • Post #7
  • Quote
  • Feb 8, 2019 6:38pm Feb 8, 2019 6:38pm
  •  Aussi
  • Joined Sep 2013 | Status: Member | 3,397 Comments
Quoting asiantrader5
Disliked
all the gains from 24 of Jan is gone....gone
Ignored
seems to be simple take profits early and re entry if you feel it's going your way lesson is greed always gets in the way
  •  Guest
  • | IP XX.XXX.23.160

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  • Story Stats
  • Posted: Feb 7, 2019 7:32pm
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 7  /  Views: 2,748
  • Linked event:
    AU RBA Monetary Policy Statement
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