Flash: RBA happy to remain on hold near term - TDS

FXstreet.com (Barcelona) - On the back of yesterday's RBA 25bp rate cut to new record low 2.5%, according to Alvin Pontoh, Strategist at TD Securities, the bank appears happy to remain on hold near term given that "forward guidance was absent form the communique, with the bank choosing not to repeat that the inflation outlook affords scope to ease policy further" Pontoh said.