As expected, rates on hold at 2.75%, but the Statement suggests that there may yet be a further cut or two to come in the cycle.
"At today's meeting 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."
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Do the RBA's Statements seem to look the same to you month-on-month? Well, guess what...!
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