RBA: Appreciating AUD could slow economic activity, inflation
|Following are the key headlines from the RBA monetary policy statement (via Reuters):
Low rates continue to support Australian economy.
Inflation likely to remain low for some time.
Reflects low wage growth and strong retail competition.
Progress in the jobless rate, inflation expected, likely to be gradual.
Australian economy to grow faster in 2018 than in 2017.
Household consumption remains a source of uncertainty.
Unemployment rate expected to decline gradually.
Wage growth to remain low for some time.
Appreciating exchange rate could slow economic activity, inflation.
Sydney and Melbourne housing markets have slowed.
The outlook for non-mining investment has improved.
Public infrastructure investment supporting the economy.
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