RBA: No fireworks offered – TDS

Analysts at TDS explain that the RBA kept interest rates unchanged at 1.5% as widely expected in its monetary policy meet today.

Key Quotes

“With regards to the labour market, RBA changed its language from “soft” to a “mixed” but expects wage growth to remain slow “for a while”. Reading into the details, the statement seems to have been carefully crafted to balance any hawkish tone with an equally dovish tone to keep the overall statement neutral.”