RBA Monetary Policy Meeting Minutes: While the Reserve Bank of Australia leaving rates unchanged really surprised nobody (well all but the two surveyed economists that enjoyed their time in the contrarian sunshine of course), a few key changes to the wording of the accompanying statement did give the Aussie markets a bit of a buzz. The big one being the fact that the RBA dropped the line: “Further depreciation seems both likely and necessary.” In the art of interpreting central bank rhetoric,
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