RBA cuts its growth forecasts for 2019,.........>

RBA: RBA cuts its growth forecasts for 2019, nudges up its December 2020

unemployment expectation to 5.0%, the inflation expectations have been nudged

lower in the main, albeit at the margin.

- The board concluded that: At its recent meeting, the Board focused on the

implications of the low inflation outcomes for the economic outlook. It

concluded that the ongoing subdued rate of inflation suggests that a lower rate

of unemployment is achievable while also having inflation consistent with the

target. Given this assessment, the Board will be paying close attention to

developments in the labour market at its upcoming meetings.

- Economic Outlook: https://emedia.marketnews.com/RBASOMPMay19.PNG

- Economic Forecasts: https://emedia.marketnews.com/rbasommay22019.PNG