The report refers to the Reserve Bank of Australia’s (RBA) anticipated decision to keep the cash rate on hold with expected growth to remain close to trend and inflation to remain consistent with target.

The Australian dollar remains strong at $1.06, its highest level since March; however the RBA is concerned about the strength of the Australian dollar and its contrast with the weakening in global growth. With policy rates at 3.5%, the RBA has more room than other central banks to provide stimulus, putting it in a relatively comfortable position.

Included in the report, are analyses of central banks in the US, UK, Europe, Japan and Canada.

To read the entire report, please click here.

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