AUD Monetary Policy Meeting Minutes Should Keep the Price Low.

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The International Monetary Fund’s (IMF) Article IV mission cautions that dangers to Australia’s economy are skewed to the drawback thus the Reserve Bank of Australia (RBA) should keep rates low.

Key focuses

Monetary development anticipated that would proceed

Steady upward weight on wages and costs likely

Notes and Welcomes abating lodging market

Cautions of dangers of slower China development, exchange pressures

A ‘sharp fixing of worldwide monetary conditions could overflow into local money related markets’ – would raise subsidizing costs, negative effects on borrowers

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