MNI: RBA Policy: Table of Key Forecasts and Assumptions

By Sophia Rodrigues

     SYDNEY (MNI) - Table of Reserve Bank of Australia's forecasts for the

economy, and assumptions in the May Statement on Monetary Policy published

Friday. 

     RBA forecasts (February in brackets):

                        Dec-17  Jun-2018  Dec-2018  Jun-2019  Dec-2019  Jun-2020

--------------------------------------------------------------------------------

                          Y/Y%      Y/Y%      Y/Y%      Y/Y%      Y/Y%      Y/Y%

Underlying Inflation      1.75       2.0       2.0       2.0       2.0      2.25

                        (1.75)    (1.75)    (1.75)     (2.0)     (2.0)    (2.25)

Headline CPI               1.9       2.0      2.25      2.25      2.25      2.25

                         (1.9)     (2.0)    (2.25)    (2.25)    (2.25)    (2.25)

GDP                        2.4      2.75      3.25       3.5      3.25       3.0

                         (2.5)    (2.75)    (3.25)     (3.5)    (3.25)     (3.0)

Unemployment Rate (Qtr

Avg)                       5.5       5.5      5.25       5.5      5.25      5.25

                         (5.5)    (5.25)    (5.25)    (5.25)    (5.25)    (5.25)

     RBA assumptions:

                       May Statement  February Statement

--------------------------------------------------------

AUD/USD                         0.75                0.78

TWI                             62.0                64.0

Brent Oil ($/barrel)              71                  64

Cash Rate             Market Pricing      Market Pricing

--MNI Sydney Bureau; tel: +61 2-9716-5467; email: sophia.rodrigues@marketnews.com

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