Reserve Bank of Australia Leaves 2.75% Official Cash Rate

June 4, 2013

The released statement after this month’s Board meeting of the RBA called credit demand subdued and the Aussie dollar still high but did not add to the 200 basis points of ease since November 2011 including a cut of 25 basis points at the prior meeting in May.  Instead, the “Board judged that the easier financial conditions now in place will contribute to a strengthening of growth over time, consistent with achieving the inflation target. It decided that the stance of monetary policy remained appropriate for the time being. The Board also judged that the inflation outlook, as currently assessed, may provide some scope for further easing, should that be required to support demand.” 

Copyright 2013, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.



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