The most important accents from the RBA Minutes

Reserve Bank of Australia Minutes for August.

• The RBA is also considering additional policy lending if needed
• The state of the home and world economies must be evaluated before a final policy decision is made
• We can expect a significant period in which interest rates will remain low
• In the short term, the economy remains at risk, which will be offset by time
• RBA for examining the experience of other countries that have adopted unconventional monetary policies
• A package of measures is more effective than taking separate, small steps
• AUD remains at one of its lowest levels, this supports tourism
• There are several factors that suppress inflation, some CPI components will remain under pressure
• The labor market has potential for development, there is no limit to wage growth
• Firm GDP growth in Q2, consumption prospects are more balanced
• Consumption is supported by low taxes and the stability of the housing market
• The escalation of the US-China trade conflict puts strong pressure on global growth
• Companies around the world have already revised their growth and investment expectations
• A global monetary easing cycle is expected

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