RBA continued to reinforce its neutral monetary policy trajectory - UOB

Analysts at UOB group explained that the Reserve Bank of Australia (RBA) continued to reinforce its neutral monetary policy trajectory. 

Key Quotes:

"Last Friday, in the quarterly release of the RBA’s Statement of Monetary Policy (SoMP) the RBA reiterated that it does not see underlying inflation reaching the lower bound of the longer term 2% to 3% target range, until early 2019."

"The SoMP also reiterated existing RBA view that further rise in AUD could slow the pick-up in economic growth and inflation in Australia. And RBA Deputy Governor Guy Debelle added that he does not see a shock that would force the RBA to hike rates."