RBA open for further easing – Blueprint Capital

FXStreet (Barcelona) - The Blueprint Capital FX Desk, view that the RBA’s May statement indicates the central bank is open for further rate cuts.

Key Quotes

“Reserve Bank of Australia's May statement shows it's open to more interest rate cuts. ”The board will continue to assess the outlook and adjust policy as needed to foster sustainable growth in demand and inflation outcomes consistent with the inflation target over time," the RBA said.”

“The RBA also revealed a bleaker economic outlook than was forecast in its last statement on monetary policy in February, revealing concerns about Chinese growth and local business investment.”