RBA minutes shed little new light - TDS

In view of the analysts at TDS, RBA minutes for the April board meeting shed little new light.

Key Quotes

“Devoting part of the agenda to the semi-annual Financial Stability Review, the RBA highlighted “indicators of financial stress in the household sector remained contained”, with new prudential measures in place from APRA to cool the housing market.”

“Although the minutes mentioned weaker conditions in the labour markets from Feb employment data, these fears were quelled after positive numbers in March (even if only half of the outsized job gains are to be believed).”