- There was a discussion on whether to hike rates at the meeting
- But decided to stay the course on policy
- Wanted to make a point that we are alert to upside risks on inflation
- Difficult to get a read on inflation with just quarterly data
The aussie is nudging a little higher as Bullock reveals that rate hikes were part of the discussion today.
This article was written by Justin Low at www.forexlive.com. Source