SoMP

Reserve Bank Australia May Meeting Review Following the delivery of the May RBA SoMP report on Thursday, following the bank’s May meeting earlier last week which, as expected, saw rates kept unchanged at record lows of 1.5%.The meeting was…

AUD bulls were at last given some hope this week as Australian CPI finally reached the RBA’s 2% target. CPI for the March quarter rose 0.52% to mark an annual reading of 1.98%. This was well above the median forecast of 1.85% and well above…