RBA Minutes May 15th

Writen by: on May 15, 2012

The RBA today released minutes from the May meeting. As most of you are aware, the outcome of that meeting was the cut to the official interest rate to 3.75%.

The minutes give good insight into the reasons behind this decision and also provide a potential guide to what will be happening over the next few months. Of key focus by the RBA was the current turbulent nature of the European market. Although the global growth forecasts are starting to look more positive, inflation level in the Australian economy is a continued area of concern for the RBA.

It looks like the RBA has not explicitly flagged the possibility of another round of rates cuts, however they have left suggestion that the cash rate could fall again depending on the Euro market.

Does this mean a further rate cut? We will surely all find out come the first Tuesday of June…

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Kylie has almost 10 years of widespread experience in Australia’s finance industry and has worked in a variety of roles including loan processing, customer service, and credit analysis. These skills enable her to provide genuine advice that is always in the best interest of each individual and their specific financial needs. Kylie’s talent and commitment to clients is expressed by this quote: “Promise only what you can deliver. Then deliver more than you can promise.” You can find her on Google+ and facebook or write to her at kylie@financinghope.com.au.