RBA SoMP: GDP, inflation forecasts little changed
The RBA’s Statement on Monetary Policy (SoMP), issued quarterly, has been published, with the Central Bank failing to provide fresh clues into monetary policy.
Key headlines
RBA: gdp, inflation f'casts little changed vs aug
RBA: policy: leaving cash rate unch was "appropriate"
RBA: reasonable prospect for achieving medium-term infla target
RBA: underlying cpi to pick up gradually to 2% by fcast end
RBA: china growth outlook remains key source of uncertainty
RBA: policy shows labor, hsg mkt main input in rate decision
RBA: lowers outlook for household consumption growth
RBA: h'hold consumption,savings decision among uncertainties
RBA: no reference to aud as key uncertainty in rba policy
RBA: appreciating aud could complicate econ rebalancing
RBA: global infla risks more balanced, but among uncertainties
RBA: hsg mkt source of uncertainty to infla, consumption
RBA: revised dnward employment growth fcast, jobless edge dn
RBA: recent comm price rises could add to inflation pressures
RBA: spare capacity in labor market likely for some time
RBA: low headline infla one key influence on low wage growth
RBA: domestic cost pressures remain subdued on wage, rent
Author
Ivan Delgado
Independent Analyst
Established in the Asian continent since 2009, Ivan studied a degree in Business at the University Pompeu Fabra (Barcelona), while also earning a postgraduate degree in Business Administration.
