RBA April Board Minutes will be closely scrutinised - TDS

Sandeep Kanihama FXStreet Contributor

According to analysts at TD Securities, tomorrow’s RBA Minutes for the April Board meeting will be closely scrutinised for any clarification around the addition of a line at the end of the policy statement.

Key Quotes

“The addition of “The Board will continue to monitor developments and set monetary policy to support sustainable growth in the economy and achieve the inflation target over time.” was widely interpreted as the RBA sending an easing signal at the May Board meeting. With an election and fiscal boost around the corner we see a May cut as highly unlikely.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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