RBA minutes reflect uncertainty over US and Japanese policy
The minutes of the Reserve Bank of Australia's (RBA) June monetary policy meeting, published today, show uncertainty over the effects of US and Japanese monetary policy combined with mixed signals from the domestic economy.
The Reserve Bank Board ultimately decided to keep rates on hold at 2.75%. Members noted that financial conditions worldwide remain "accommodative", but said the effects of policy easing in Japan and the expected slowdown of the Federal Reserve's quantitative easing were
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