Economic Data: RBA Cash Target 4.50%, a 25bp hike.
4:31
Comments from RBA - Board will continue to set rates as needed, asian growth is pressurising raw material prices; global financial markets fuctioning better.
4:33
Comments from RBA - Stevens says RBA will set rates to achieve 2-3% inflation; terms of trade for Australia rising more than expected; RBA says changes represent significant adjustment from a year ago.
4:35
Comments from RBA - Growth output in year ahead to exceed last year; housing credit expanding at 'solid' pace; risk of serious contraction passed some time ago; extent of inflation decline may be less than forecasted.