RBA Minutes to Focus on Stimulus and Housing Concern

June 12, 2015 Share Print 0

The Reserve Bank of Australia held rates on June 1, 2015, at the historic low of 2%. The minutes from that policy meeting will be released on Monday. Governor Glenn Stevens has already said the Australian central bank policy will remain accommodative. Australia’s economy is navigating rough seas with the slowdown in China impacting commodity exports. Low rates are needed to stimulate growth, but have also inflated house prices which remain a concern, especially in the urban areas such as Sydney. It’s unlikely anything in the minutes will come as a surprise, but they will add color to Stevens’s recent remarks on the state of economic affairs Down Under.

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.