The Reserve Bank of Australia (RBA) published the minutes of its September 3rd, 2019 monetary policy meeting on Tuesday, with the key headlines found below.
- BOARD WOULD CONSIDER FURTHER POLICY EASING IF NEEDED TO SUPPORT GROWTH, INFLATION TARGETS
- RBA: REASONABLE TO EXPECT EXTENDED PERIOD OF LOW INTEREST RATES TO ACHIEVE EMPLOYMENT, INFLATION GOALS
- RBA: MEMBERS WOULD ASSESS DEVELOPMENTS GLOBALLY AND AT HOME WHEN CONSIDERING MONETARY POLICY
- RBA: MEMBERS HAD DETAILED DISCUSSION ON WAYS FINANCIAL CONDITIONS ABROAD AFFECT AUSTRALIA
- RBA: RECENT OUTCOMES SUGGEST SPARE CAPACITY REMAINED IN THE LABOUR MARKET
- RBA: AUSTRALIAN ECONOMY COULD SUSTAIN LOWER RATES OF UNEMPLOYMENT AND UNDEREMPLOYMENT
- RBA: LIAISON WITH RETAILERS SUGGESTED GOVT TAX REBATES YET TO LIFT SPENDING NOTICEABLY
- RBA: FURTHER SIGNS OF TURNAROUND IN ESTABLISHED HOUSING MARKET, BUT TURNOVER STILL LOW
- RBA: SEE NEAR-TERM WEAKNESS IN HIGH-DENSITY DWELLING INVESTMENT, COULD “SOW THE SEEDS” OF PRICE UPSWING AT SOME POINT
- RBA: FURTHER GRADUAL LIFT IN WAGES GROWTH WOULD BE A WELCOME DEVELOPMENT
- RBA: OUTLOOK FOR CONSUMPTION GROWTH KEY UNCERTAINTY
- RBA: EXPECT GRADUAL PICK-UP IN HOUSEHOLD DISPOSABLE INCOME, HIGHER HOME PRICES TO SUPPORT CONSUMPTION GROWTH
- RBA: FURTHER MONETARY EASING “WIDELY EXPECTED” AROUND THE WORLD
- RBA: ESCALATION IN SINO-U.S. TRADE DISPUTE HAS INTENSIFIED DOWNSIDE RISKS TO GLOBAL GROWTH
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