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2 Jul 2014
RBA keeps monetary policy unaltered - RBS
FXStreet (Bali) - RBS notes that Tuesday's RBA statement did not suggest they have altered its underlying stance on the outlook for monetary policy in a major way.
Key Quotes
"The RBA left monetary policy unchanged at its July meeting today and its statement did not suggest that the RBA has altered its underlying stance on the outlook for monetary policy in a major way."
"The post-decision rise in short-term interest rates in Australia and the AUD/USD, which broke to new highs of the year today, suggest that the market had anticipated a modestly dovish shift (perhaps in light of the stronger AUD)."
"The language on the AUD in the RBA statement was slightly altered, but did not obviously signal any additional angst on the level of the AUD."
"Several RBA officials are due to speak this week, starting with Deputy Governor Debelle tomorrow ahead of a talk by Governor Stevens tomorrow evening (July 3rd local time)."
Key Quotes
"The RBA left monetary policy unchanged at its July meeting today and its statement did not suggest that the RBA has altered its underlying stance on the outlook for monetary policy in a major way."
"The post-decision rise in short-term interest rates in Australia and the AUD/USD, which broke to new highs of the year today, suggest that the market had anticipated a modestly dovish shift (perhaps in light of the stronger AUD)."
"The language on the AUD in the RBA statement was slightly altered, but did not obviously signal any additional angst on the level of the AUD."
"Several RBA officials are due to speak this week, starting with Deputy Governor Debelle tomorrow ahead of a talk by Governor Stevens tomorrow evening (July 3rd local time)."