RBA February Minutes likely to be a non-event - TDS

In view of analysts at TD Securities, the forthcoming release of the Minutes of the RBA Policy meeting on 5 February ‘should’ be a non-event.

Key Quotes

“After all was revealed in the subsequent switch-to neutral Governor speech the next day, and the February 8 Statement on Monetary Policy slashed growth forecasts and delayed yet again the return to target for core inflation. However, the actual policy statement released on the Tuesday was rather upbeat (and misleading for the markets) suggesting that all was on track, just a small delay compared with expectations late last year.”