The minutes of the RBA's June meeting show little urgency to resume rate increases. The strong...

|By:, SA News Editor

The minutes of the RBA's June meeting show little urgency to resume rate increases. The strong currency is mentioned as helping to contain inflation, but also hurting non-resource sectors where activity is seen as "quite subdued." The aussie plunges 70 pips in minutes to $1.0536, and rate futures price for no hikes in 2011.