RBA's SoMP: Most prudent course is period of rates stability

FXStreet (Bali) - The RBA’s quarterly Statement on Monetary Policy (SoMP) has been published, with the Central Bank's reiterating that the most prudent course is a period of rates stability.

Key headlines - via Reuters

RBA: Reiterates that period of steady rates likely to be most prudent course

RBA: Keeps growth forecasts unchanged, nudges up inflation forecast to reflect lower A$

RBA: A$ still above estimates of fundamental value, further fall would help rebalance economy

RBA: Boj easing, pension fund flows could boost appetite for Australian assets, keep a$ high

RBA: Sees gdp growth of 2.5-3.5 pct by end 2015, 2.75-4.25 pct by end 2016

RBA: Sees underlying inflation 2.25-3.25 pct by end 2015, 2.25-3.25 pct end 2016

RBA: Inflation to remain in line with 2-3 pct target despite latest decline in a$

RBA: Data, liaison suggest economic growth was a little below trend in q3

RBA: Low rates, strong population growth to support home building, prices and wealth

RBA: Mining investment set to fall further, to subtract 1.5 ppt from gdp in 2015

RBA: Continued strong growth in export volumes to add to gdp, especially from lng in 2016

RBA: Sees moderate jobs growth, unemployment likely to stay elevated for some time

RBA: Wage growth seen stabilising at low levels, productivity growth to stay above average

RBA: Slowing china property market one key risk to global outlook, impact uncertain