RBA: Need To adjust policy to support sustainable growth


Below are some of the key points from the latest RBA monetary policy statement

Will monitor developments in labour markets closely.

Need To adjust policy to support sustainable growth.

Took the decision to support employment growth & provide greater confidence in inflation.

Needs faster progress in reducing unemployment.

The economy can sustain a lower rate of unemployment.

Conditions in the housing market to remain soft.

Main domestic uncertainty continues to be household consumption.

Employment growth continues to be strong.

Little inroads in spare capacity in labour market of late.

Signs that house prices are stabilising in Sydney and Melbourne.

Central scenario for underlying inflation to be 2% in 2020.

A$ at the lower end of a narrow range.

Outlook for the global economy remains reasonable.

Downside risks from trade disputes affecting business investment globally.

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.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD leaning lower as the USD gains ground

EUR/USD is trading closer to 1.10, as the US dollar gradually advances. Two White House advisers expressed contradicting accounts of US-Sino trade talks, causing confusion. Germany refrained from adding fiscal stimulus.

EUR/USD News

GBP/USD dives below 1.25 as EU pours cold water on Brexit hopes

GBP/USD is falling 1.25, over 100 pips off from the two-month highs of 1.2582 as EU officials cast doubts about the seriousness of the new UK proposals on Brexit. 

GBP/USD News

USD/JPY Forecast: A breakout of 108.50 should put the 109.30 area on the radar

The USD/JPY is seeing some corrective downside after recent tops and failure at the 108.50 region, which continues to cap occasional bullish attempts for the time being.

USD/JPY News

Gold climbs further beyond $1500 mark, lacks follow-through

Gold edged higher for the second consecutive session on Friday, albeit remained well within a familiar trading range held over the past two weeks or so.

Gold News

Top 3 price prediction Bitcoin, Ripple, Ethereum: Ethereum points to the Moon as Bitcoin takes a break

ETH/USD exceeds $220 and is bidding to lead the market. Bitcoin sets a bear trap and recaptures $10,000. XRP stalls between technical levels and fails to consolidate $0.30.

Read more

Forex MAJORS

Cryptocurrencies

Signatures