RBA minutes: Rates to remain steady, repeats line on AUD value

FXStreet (Bali) - Minutes of the monetary policy meeting of the RBA in April revealed that the central bank remains comfortable keeping rates steady for some time.

Additional headlines via Reuters

A$ still high by historical standards, less supportive of economy given latest rise

Board saw further promising signs low rates working way through economy

RBA saw strong pick up in home building ahead, no mention of any concerns at rising home prices

Evidence consumer demand had strengthened, liaison suggested some easing in retail sales

Exports growing strongly, board noted pick up in non-residential building approvals

Falling mining investment, weak public demand to constrain growth for some time

Range of indicators pointed to modest improvement in employment ahead

Jobless rate still expected to edge higher for a time

Moderate growth in wages to help contain domestic inflationary pressures

China data pointed to continued slowdown, though lunar holiday complicated assessment