Reserve Bank Of Australia Commentary
6th August 2018
- Judged steady policy was consistent with growth and inflation targets.
- Low rates supporting the economy.
- Wage growth remains subdued and likely to continue for a while.
- Headline CPI to be lower than expected this year.
- GDP growth to average a bit higher than 3.0% this year and next.
August 7th 2018
- Natural for rates to eventually move back to more normal levels.
August 9th 2018
- Higher rates are likely to be appropriate at some time if the economy evolves as forecast.
- RBA maintained December 2018 GDP growth forecast at 3.25%, but trimmed December 2018 core CPI forecast to 1.75% from 2.00%.
August 17th 2018
- Likely to make further gradual progress on inflation and unemployment.
-Some time before reaching full employment.
- Prepared to maintain current policy stance until employment and inflation benchmarks are more clearly in sight.
- No strong case for near-term interest rate change.
That progress on getting unemployment down and inflation up is likely to be only gradual, however. So any increase is still likely to be some time away.
August 22nd 2018
Reserve Bank of Australia Deputy Governor Debelle says expects downward pressure on inflation to eventually subside and would like to be more confident inflation will be sustained at 2% target, adds current accommodative policy (Low rates at 1.5%) will support this outcome.
RBA Deputy Governor Debelle says expects downward pressure on inflation to eventually subside and would like to be more confident inflation will be sustained at target, adds current accommodative policy will support this outcome
- Sees inflation around 2.25% during the next couple of years.
August 23rd 2018
September 1st 2018