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Flash: RBA preview: comfortably neutral - Nomura

FXstreet.com (Barcelona) – The Reserve Bank of Australia (RBA) will hold its next monetary policy meeting on 3 December, and according to Nomura, the Central Bank will continue to hold rates.

Key Quotes

“At its last board meeting in November, the RBA left its policy rate unchanged at 2.50% and stated that, “the Board judged that the setting of monetary policy remained appropriate”. The board also added that, it “will continue to assess the outlook and adjust policy as needed to foster sustainable growth in demand and inflation outcomes consistent with the target”.

“This signals a relatively neutral stance, and we believe …read more