RBA minutes offered very little new information - TDS

Analysts at TDS note that the RBA minutes for March were a repeat of what has been heard ad nauseam in recent months, offering very little new information for the markets to use.

Key Quotes

“GDP growth is expected to exceed potential growth over 2018, further progress on jobless rate, and CPI to likely be gradual. Yet, household spending and wage growth outlook are still uncertain, warranting" careful monitoring".”

“House price index went up to 1%/qtr in Q4 (mkt expected flat, prior -0.2%/qtr) nothing notable as now quite old news.”