The RBA prudently plays the waiting game

Caution reigns at the RBA as economic uncertainty grows at home and abroad. The exchange rate, the US taper and the timing of the mining investment cliff will continue to weigh on its policy deliberations.

It’s no surprise that today’s Reserve Bank minutes revealed the board is in a holding pattern, remaining cautious while it waits for some of the uncertainty surrounding US monetary policy to subside. Despite current record low rates, cuts are still on the table.


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