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Statement on Monetary Policy May 2019
Growth in the Australian economy has slowed and inflation remains low. Subdued growth in household income and the adjustment in the housing market are affecting consumer spending and residential construction. Despite this, the labour market is performing reasonably well, with the unemployment rate steady at around 5 per cent. Underlying inflation has been lower than expected, at 1½ per cent over the year to the March quarter, with pricing pressures subdued across much of the economy. GDP growth is expected to be around 2¾ per cent over both 2019 and 2020. This is lower than previously forecast, reflecting the ... (full story)
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RBA cuts GDP estimate for year through June 2019 to 1.75% from 2.5% prior -Statement on Monetary Policy #AUDUSD #RBA
— DailyFX Team Live (@DailyFXTeam) May 10, 2019
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RBA Statement on Monetary Policy: Core CPI to remain low in coming quarters due to housing items, lower jobless rate achievable while also meeting inflation goal #RBA #AUDUSD
— DailyFX Team Live (@DailyFXTeam) May 10, 2019
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RBA Statement on Monetary Policy: Core CPI forecast for year through 2020 cut to 2% from 2.25% prior, 2Q19 household consumption forecast cut to 1.6% from 2.2% y/y #RBA #AUDUSD
— DailyFX Team Live (@DailyFXTeam) May 10, 2019
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RBA Statement on Monetary Policy: Housing slump contributing to weakness in CPI, consumption #AUDUSD #RBA
— DailyFX Team Live (@DailyFXTeam) May 10, 2019
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