According to David Plank, head of Australian economics at ANZ, RBA’s Board meeting minutes in March has the dominant theme of the tension between the activity and employment data. Key Quotes “This comes through in the discussion of international economic conditions, where the minutes note that: Notwithstanding the slower growth in output, labour markets in the major advanced economies had remained tight and there had been ongoing signs of upward pressure on wages.” “More importantly, this tension features in the discussion on the domestic economy and the final section on the Considerations for Monetary Policy.” “The resolution of this tension will be central to the evolution of RBA policy. The final paragraph of the Minutes suggest the RBA’s judgement about how this tension will be resolved is quite finely balanced. February’s comment that “Members would continue to assess the outlook carefully”, becomes “Members agreed to continue to assess the outlook carefully.” “The RBA’s apparent open mindedness on the how the employment/GDP tension is resolved suggests a willingness to act quickly if the unemployment rate starts to move higher.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Technical Analysis: Short-term trend-line favor further upside to 50% Fibonacci around $1311.50, $1316 FX Street 4 years According to David Plank, head of Australian economics at ANZ, RBA's Board meeting minutes in March has the dominant theme of the tension between the activity and employment data. Key Quotes "This comes through in the discussion of international economic conditions, where the minutes note that: Notwithstanding the slower growth in output, labour markets in the major advanced economies had remained tight and there had been ongoing signs of upward pressure on wages." "More importantly, this tension features in the discussion on the domestic economy and the final section on the Considerations for Monetary Policy." "The resolution of this tension… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
