RBA: September meeting minutes were balanced – RBC CM

Elsa Lignos, Senior Currency Strategist at RBC Capital Markets, notes that the latest set of minutes from the RBA's September meeting were balanced, with the discussion on activity and the labour market reasonably positive, a sense of comfort with house prices and credit, and confirmation of a low cost environment.

Key Quotes

“They are consistent with a modest and implicit easing bias as the RBA sits on the side-lines and assesses the impact of its policy actions thus far in 2016 against an ever evolving global backdrop.”