- Reiterates that accommodative policy stance is ‘appropriate’
- Most prudent course was to hold rates steady
- Scope for further easing if necessary
- Sees global growth being close to average
- Reiterates inflation outlook allows room for rate cuts
- Slowdown in mining investment growth
- Rate-sensitive parts of economy responding to cuts
- Reiterates a$ remains high despite fall in terms of trade
AUD/USD not moving much in response, around 1.0329/34
