Statement by Glenn Stevens, Governor: Monetary Policy Decision
The commentary above is very hawkish. No if's, but's or maybe's, just a very strong case for why rates went up and will do so again. Glenn Stevens is being unambiguous and is sending a clear message that this isn't the end of it either.
The NAB has already said they'll only match the 25bp so lets see what the others do...
Cheers,
Michael
RBA said:At its meeting today, the Board decided to raise the cash rate by 25 basis points to 4.25 per cent, effective 7 April 2010.
The commentary above is very hawkish. No if's, but's or maybe's, just a very strong case for why rates went up and will do so again. Glenn Stevens is being unambiguous and is sending a clear message that this isn't the end of it either.
The NAB has already said they'll only match the 25bp so lets see what the others do...
Cheers,
Michael