Future RBA policy direction unclear following latest rate cut and SMP
- Friday, 09 August 2013
A lack of explicit future policy direction immediately following the Reserve Bank of Australia (RBA)'s August 6 decision to cut rates by 25 basis points left market observers divided. Analyst reaction to the RBA's subsequent statement on monetary policy (SMP), released on August 9, was equally split, with some predicting an October rate cut and others adopting a wait-and-see position.
