Federal Reserve on Tuesday in Australia (7th) kept interest rates at 4.75% unchanged, in line with market consensus forecast. Australia fed this is not a warning in the next few months, or need to tighten up policy to curb inflation, which makes some people by surprise.
Australia fed only in monthly policy issued a brief statement after the meeting said that in view of the Economic Outlook, the current level of interest rates appropriate. This is when the Federal Reserve monetary policy prospects May differ, in Australia at that time the Federal Reserve said, you may need to raise rates further.
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four institutions express their opinions on this:
Commonwealth Bank of Australia (CBA) senior analyst Michael workman: "will be concerned about the next June when the quarter data, these data will be released at the end of July, that's why we believe August is likely to raise rates, unless the employment data released Thursday showed strong growth, that case may in July to raise rates. In August but we still think it will raise rates. We expected to raise rates again in August and November respectively, make index rates to reach 5.25% at the end. "
Macquarie Bank (Macquarie Bank) senior analyst Brian redican:" their language seems to be a monetary policy statement May be back, when they said Zeng Qingchu, you may need to further tighten policy. This statement is completely silent on this point. Instead is that statement sounds very like May a statement after the meeting. This was confusing. We believe that they will publish more of this tough speech. However, the face of it, this implies that it is not in a hurry to take interest rates. "
JPMorgan Chase (JPMorgan) analyst Ben Jarman:" the Central Bank decision to maintain interest rates unchanged, as we expected, we believe that August would be the appropriate point to raise rates again. Australia fed is clearly not hurry to raise rates. They did say the rate of inflation will be closer to the target level in the next 12 months, but we still believe that the Central Bank's next step will be to raise rates. Today, I would like to change is the only point of concern in the statement of the Bank, in a statement did not say if all aspects of development, as expected, rising CPI is expected to accelerate. This implies that they may also want to look for more clues about the inflation situation. Second quarter inflation data will be very important. "
Yi link industries (ICAP) Chief Analyst Adam said:" I am surprised. They also need? this is a major problem. We do not have any guidelines from the statement, we do not understand what they are waiting. We have to wait for the published record of the Conference. "
the Australia Federal Reserve policy statement does not have clear guidelines on the future monetary policy, future concerns of this interest on the record of the meeting, as well as Australia's inflation data.
16:08 ', AUD/USD 1.0705/07.
