Policy makers tone was cautious - Westpac

Analysts at Westpac explained that in a week that was cut short by Thanksgiving in the US, policymakers again took centre stage - sating, that, on the whole, their tone was cautious.

Key Quotes:

"For Australia, there was an increased focus on the minutes of the November RBA board meeting following the downward revision to their inflation forecasts in the November Statement on Monetary Policy. Consistent with these revised forecasts (underlying inflation of 1.75%yr at end-2018 and 2.0%yr at end-2019), the minutes cited an expectation that inflation will pick up “only gradually.”"