The Reserve Bank of Australia (RBA) published the minutes of its August 6th, 2019 monetary policy meeting on Tuesday, with the key headlines found below.
AUD fall to support exports, tourism.
Board would consider further policy easing if needed.
To assess developments in domestic, global economies before considering easing.
About RBA minutes
The minutes of the Reserve Bank of Australia meetings are published two weeks after the interest rate decision. The minutes give a full account of the policy discussion, including differences of view. They also record the votes of the individual members of the Committee. Generally speaking, if the RBA is hawkish about the inflationary outlook for the economy, then the markets see a higher possibility of a rate increase, and that is positive for the AUD.
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