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Cliff Notes: Marking Time - Action Forex

Beginning in Australia, the RBA March Minutes revealed important developments in the considerations for, and operational framework around, monetary policy. On the former, it appears the RBA Board did not discuss the case for a rate hike in March, focusing solely on the case to remain on hold. That is a departure from this cycleโ€™s common practice of considering multiple policy options at each meeting. The change in rhetoric was relatively marginal, however. The Board continues to recognise that...
Luci Ellis European Central Bank Chief Economist Luci Ellis

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