Back
7 Nov 2014
RBA indicating higher inflation - BTMU
FXStreet (Guatemala) - Derek Halpenny, European Head of Currency Strategy at the Bank of Tokyo Mitsubishi UFJ noted that the RBA released its quarterly statement.
Key Quotes:
"The only highlight from the report was the increase in the 2015 inflation forecasts with core CPI now seen at 2.0-3.0% from 1.75-2.75% in August”.
“This change was down to the lower AUD/USD level but the RBA added that the AUD level is a “significant uncertainty” in forecasts."
"Essentially, the message was that monetary policy is supportive for growth and that current policy remained appropriate. No surprises here."
Key Quotes:
"The only highlight from the report was the increase in the 2015 inflation forecasts with core CPI now seen at 2.0-3.0% from 1.75-2.75% in August”.
“This change was down to the lower AUD/USD level but the RBA added that the AUD level is a “significant uncertainty” in forecasts."
"Essentially, the message was that monetary policy is supportive for growth and that current policy remained appropriate. No surprises here."