Goldman Sachs ‘bottom line’ on the Reserve Bank of Australia

A Goldman Sachs note on the RBA minutes which were released Tuesday

The GS note details the main points from the minutes and concludes with

Bottom line:

• The RBA's September Board Minutes remained generally positive, with few major changes to the outlook.
• The RBA continued to note above-trend growth and a falling unemployment rate, as well as a gradual improvement in wages growth.
• The RBA also appears broadly comfortable with the developments in the housing market despite recent mortgage rate increases by some banks.
• We continue to expect the RBA to remain on hold until late 2019.

GS also note that the RBA continues to highlight US trade policy as a key uncertainty for the world economy