RBC on the Reserve Bank of Australia, the headline sums it up but for more:
This in summary:
- RBA's September minutes confirmed a clear easing bias
- a more dovish tinge
- discussion on global growth and risks was notably more downbeat
- comments on wage growth hint at another possible downward revision to its inflation forecasts
- RBA's business liaison had yet to show much impact on expenditure from the boost currently underway from the low to middle income tax offset
- language around the housing market was rather subdued
- employment growth to moderate over the following six months
Earlier responses posted re the minutes:
- On the RBA minutes: case for an October cut still intact
- Nomura on the RBA - October meeting is 'more live'
- UBS on the RBA - October meeting live
Minutes are here:
