Simple's Green Room

[pennies2007]

RBA minutes just released. While they left the rate unchanged a couple of weeks ago, the new minutes show that they're not happy with the current low inflation. The language of the statement has been modified to leave the door open to further easing to reach their target rate.

Bottom line...the Aussies are getting ready to join the rate cut club with the rest of the world. That's pretty well gonna cap any bullish sentiment if the market thinks they're gonna cut rates soon.

The US is the only holdout, opting to raise rates while everyone else is either cutting or going to negative interest.