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Reserve Bank of Australia's meeting minutes: the central bank reiterated it will keep interest rates unchanged
The Reserve Bank of Australia (RBA) released its latest meeting minutes today. The RBA reiterated it will keep interest rates unchanged for an extended period of time. The central bank added the Aussie is "above most estimates of its fundamental value, particularly given the declines in key commodity prices".
The RBA also said "housing prices were continuing to increase in the larger cities".
The central bank noted that "accommodative monetary policy was supporting demand in some sectors of the economy".
The RBA expects the economic growth will be "a little above average in both 2014 and 2015".
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