05.08.2014 - Reserve Bank of Australia has made a statement
Reserve Bank of Australia kept the parameters of monetary policy and interest rate unchanged at 2.50%, the lowest level in more than 60 years. In a statement, the head of the RBA Glenn Stevens noted that lately on the labor market has been positive momentum but for the steady decline in the unemployment rate will be needed some more time. Inflation in the country continues to grow, but the slow pace of wage growth gives reason to expect that inflation will remain within the targets.
According to the RBA, the most appropriate at the moment is the policy of stable low interest rates. We recall that for last year, the RBA 2 times reduced rate by 0.25%. We maintain a medium-term negative outlook for the Australian dollar, but admit the possibility of growth of quotations in the near future.