Put on the kettle! The RBA meets today
So, as the Board of the Reserve Bank gather this afternoon in Hobart to discuss Monetary Policy, will we see a lift in interest rates?
Despite the Cash Rate staying on hold, you can bet that one of the key talking points will be the Australian Dollar. Despite poor economic signals from the Federal Government and the resultant impact on business confidence, the fact that the dollar remains almost 10 cents higher than the Board’s preferred position will be of a concern.
Solving this issue will be a challenge for the board, especially given the value of the dollar appears to be in sharp contrast to the performance of other indicators of the economy – including housing and employment.
We’ll have to wait until the minutes are released at 11.30am on Tuesday 19 April.