RBA minutes show board happy to let dollar keep falling

Sydney Australia

The Reserve Bank of Australia (RBA) today released the minutes of its last monetary policy meeting, on June 2, which saw it keep its policy interest rate, the cash rate, unchanged at 2.75% – balancing concerns over a "subdued" labour market and fears that a weakening currency might feed into increased inflation.

The minutes show the RBA board discussed market reactions to statements made by the US Federal Reserve, describing them as "disproportionate" to the news content in what the Federal Open

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