RBA Minutes: Little appetite to cut - TDS
|Analysts at TD Securities point out that RBA Minutes from the July meeting were published today with RBA noting heightened trade tensions with "Members noted that trade tensions extended beyond the United States and China, and could escalate through non-tariff measures such as administrative delays.
Key Quotes
“An escalation of trade tensions could harm global growth by undermining confidence and delaying investment decisions and could dampen international trade." Lots of "could" in there, so a risk just now and worth monitoring to see if trade is actually hampered over the coming months.”
“There was a lot of debate last month whether the RBA had changed its tune on leaving out the 'next move is likely to be up'. This sentence was reintroduced, reaffirming the RBA has little appetite to cut.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.