RBA MINUTES: JUDGED CURRENT STANCE OF POLICY CONSISTENT WITH GROWTH, INFLATION TARGETS
- Steady Decision Took Into Account Rate Cuts In May And August, Recent Data
- Estimated Around Half Of The August Rate Cut Had Been Passed On To Bank Customers
- Repeats Rising A$ Would Complicate Economic Rebalancing
- Decline In A$ Since 2013 Continued To Support Traded Sector Of Economy
- Data Suggest Economy Growing In Line With Potential
- Forward Indicators Consistent With Little Change In Unemployment Rate In Coming Months
- Cost Pressures, Wage Growth Set To Remain Low For Some Time
- Conditions In Established Housing Market Had Generally Eased, House Price Growth Moderated
- High Home Building Approvals Pointed To Significant Amount Of Work In Pipeline
- Economic Drag From Falling Mining Investment Looked To Have Peaked In 2015/16
- Steady Decision Took Into Account Rate Cuts In May And August, Recent Data
- Estimated Around Half Of The August Rate Cut Had Been Passed On To Bank Customers
- Repeats Rising A$ Would Complicate Economic Rebalancing
- Decline In A$ Since 2013 Continued To Support Traded Sector Of Economy
- Data Suggest Economy Growing In Line With Potential
- Forward Indicators Consistent With Little Change In Unemployment Rate In Coming Months
- Cost Pressures, Wage Growth Set To Remain Low For Some Time
- Conditions In Established Housing Market Had Generally Eased, House Price Growth Moderated
- High Home Building Approvals Pointed To Significant Amount Of Work In Pipeline
- Economic Drag From Falling Mining Investment Looked To Have Peaked In 2015/16