Reserve Bank of Australia Deputy Governor Andrew Hauser not adding a lot what the minutes said earlier, no sign of an imminent rate cut from the RBA:
- when inflation stops being high and sticky the Bank will act
- US inflation nearing target, Australia's lagging
- expects core will hit target, but inflation is persistent
- lowering inflation is a significant task and we are not completed yet
AUD/USD is falling on the disappointing NDRC press conference in China. Markets had high hopes of more stimulus announcements. We haven't had any of note.
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Earlier from Australia:
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