RBA Monetary Policy Meeting Minutes put the currency movements into jolt mode

The central bank of Australia’s has set the record low interest rates, which have put off the consumer spending while the currency tends to increase the firm’s competitiveness in the capital market industry.

While the members have led to domestic data, has been on positive side & has led to the prospective growth of your business & to increase the country’s economic GDP. On the other hand, the economic inflation has remained unchanged at 2%.  The retaliation of this approach has set out a huge debate & controversial argument about the job market grows sustainment and global market turmoil while the inflation sustainment is a big problem.

While the RBA governor sees a global outlook & most underdeveloped china as signs of improvement, but still worry some is the Chinese market with a slower expansion in the industry. With a record low pace since 2008. One of the major concerns was high volatility & uncertainty in the market. The Chinese government is in pressurized form while managing the exchanging interest rate & foreign currency. It further depreciates the private capital outflows.

• Weak Commodities:

With weaker commodity prices in Australia, the demand for Chinese goods & investment boom has affected too. The Currency depreciation had been more than 30% in 3 years.

It has continued to have low interest rates as the consumption of real estate that includes personal as well as commercial consumption. That has resulted into the decrease of currency in the FOREX market. The output growth has been strong. While in today’s session, the currency has been wavering at 0.9910 against US dollar ($).

  In the 3rd quarter, the central banks have outnumbered their output with the 3 months to assess with the board & improvements in the labour market conditions that has been continuing the domestic demand. It has staggered the inflation growth with today’s monetary policy decision.