RBA: GDP growth revised up a little in 2018, 2019

Following are the key headlines from the November RBA monetary policy statement (via Reuters):

Low rates supporting the economy.

Progress on unemployment, inflation expected to be gradual.

Housing markets have slowed in Sydney, Melbourne.

Credit conditions tighter than they have been for some time.

GDP growth revised up a little in 2018, 2019.

AUD remains in range of past couple of years.

GDP to average 3.5 pct in 2018, 2019 before slowing in 2020.

Central scenario for inflation 2.25 percent in 2019, bit higher in 2020.

Business conditions are positive.

Public infrastructure investment supporting economy.

Household consumption a source of uncertainty.

Outlook for labour market remains positive.

Wage growth remains low, expect further lift over time.

 Further gradual decline in unemployment expected to 4.75 percent in 2020.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.