AUD overvalued, commodity price declines significant, yet the RBA stays put: The RBA December policy decision has just been released with the Board keeping the...
AUD overvalued, commodity price declines significant, yet the RBA stays put: The RBA December policy decision has just been released with the Board keeping the cash rate unchanged at 2.50%, as expected. Consistent from what we've seen for several months now it was largely case of control-C, control-V, that is, a cut-and-paste job from previous statements, with the Board keeping the all-important final paragraph, including the line in relation to a period of stability in interest rates, unchanged. (VIEW LINK)
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