Friday, November 7, 2014

Another generic statement from the RBA

The Reserve Bank of Australia (RBA) published another generic monetary policy statement today.

There is nothing in the statement that is fundamentally new. It summarizes the highlights of the global economy, the decline in commodity prices and increased volatility in financial markets among other things. The RBA predicts that the US will increase rates in October 2015.

No comments:

Post a Comment