Following the Reserve Bank of Australia’s decision to yesterday leave interest rates unchanged, the Aussie dollar doesn’t really know where it is at the moment. Hawkish, hawkish, hawkish. All I read is hawkish. But how is this line hawkish? “Members also observed that the outlook for inflation may afford scope for further easing of policy, should that be appropriate to lend support to demand.” Sure the RBA noted that conditions have firmed over the last few months and offshore improvements
↧