RBI Clamps Down on Rupee NDF Activity, Banks Face Steeper Losses 
RBNZ Holds Rates at 2.25% as Middle East Conflict Fuels Inflation Concerns 
Bank of Japan's Ueda Flags Low Real Interest Rates as Key Factor in Rate Hike Timing 
Federal Reserve Probes Big Banks Over Private Credit Exposure Amid Growing Systemic Risk Concerns 
Singapore Tightens Monetary Policy Amid Middle East War Inflation Risks 
ECB Warns of Rising Inflation Risks Amid Iran War Energy Shock 
![](https://www.pinterest.com/pin/create/button/?url=https://econotimes.com/RBA-Stevens-advice-likely-smarter-than-the-originally-sounded-Chill-out-122616/&media=https://www.econotimes.com/assets/images/econotimes/metaDefault.png&description=RBA Stevens' advice likely smarter than the originally sounded "Chill out" - EconoTimes)
Some market participants opined that the depressed situation of commodity markets, tempted the RBA to indicate further rate cuts and also to end the RBA governor Stevens chilling out rhetoric.
AUD/USD is currently trading at 0.7188. The pair was moving side ways from August ending, however there is no sign of depression momentum. A large share of AUD depreciation was led by USD exchange rate.
So the central bank may wait for the Fed lift-off to see if it has some side effects useful for them, as the rate hike did in the past.
"That means Stevens' advice for the RBA and its observers may have been smarter than it originally sounded Chill out, have a nice holiday and take another look at the situation next year", says Commerzbank in a research note.
