RBA Minutes Show Data-Driven Approach to Future Rate Cuts, After Third

'Further reduction': RBA hints at even more welcome news for Aussies

Borrowers who welcomed the RBA's latest interest cut have been given a fresh dose of good news by the central bank.This morning, the Reserve Bank released the minutes from its August 11-12 meeting, when its monetary policy board unanimously decided to cut the cash rate to 3.60 per cent.That was the third time this year Michele Bullock and her board handed down an interest rate cut, but the minutes signalled even more relief could be handed down …

RBA minutes show data-driven approach to future rate cuts, after third

Minutes from the Reserve Bank of Australia’s August meeting show that the central bank plans to guide the pace of future cash rate cuts based on new economic data. Given the uncertainty, officials agreed to remain data-dependent and make decisions on a

RBA Minutes Show Pace of Future Easing Will Depend on Data

Australia’s central bank board expects to lower interest rates further over the coming year to meet its policy objectives, with the pace of decline likely to hinge on economic data, minutes of its Aug. 11-12 meeting showed.

AUD/USD holds range as RBA minutes signal more easing – BBH

AUD/USD dipped slightly but remains within its multi-month 0.6400-0.6600 range, BBH FX analysts report, BBH FX analysts report.

Australia’s RBA signals more rate cuts ahead, pace undecided

Australia’s central bank board judged further policy easing would likely be needed over the coming year when it cut rates this month, and the pace could be gradual or quicker depending on the flow of economic data.

RBA Cuts Cash Rate Amid Subdued Growth

The Reserve Bank of Australia (RBA) reduced the cash rate by 25 basis points earlier this month, citing the need to guide inflation back to its target range of 2–3 per cent. The decision was influenced by subdued output growth. Minutes from the August meeting reveal that board members believed recent data supported the view that inflation was moving sustainably towards the midpoint of the target range. The RBA board indicated that staff forecast…