Scope for additional stimulus from RBA beyond April-May
The RBA board minutes for March reiterate the Bank's overt easing bias set out in the Governor's decision statement and are consistent with another move in the April-May window.Westpac notes...Although it is unclear whic…
The RBA board minutes for March reiterate the Bank's overt easing bias set out in the Governor's decision statement and are consistent with another move in the April-May window.
Westpac notes...
Although it is unclear which month the Bank favours there are more general indications that it will likely maintain a 'soft easing bias' for some time yet - references to the degree of excess capacity in labour markets, the weaker than expected medium term outlook for non-mining investment and uncertainty around the behaviour of borrowers and savers - suggest it will continue to see potential scope for additional stimulus if required beyond the April-May.
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