Glen Stevens RBA Minutes 6 October

"In Australia, the available information suggests that moderate expansion in the economy continues. While growth has been somewhat below longer-term averages for some time, it has been accompanied with somewhat stronger growth of employment and a steady rate of unemployment over the past year. Overall, the economy is likely to be operating with a degree of spare capacity for some time yet, with domestic inflationary pressures contained. Inflation is thus forecast to remain consistent with the target over the next one to two years, even with a lower exchange rate."

Aussie held today with not alot of movement after RBA minutes release showed a slightly positive tone, hinting that another rate cut may not be on the cards this coming November.

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