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RBA: State of Play: The Reserve Bank of.........>

RBA
RBA: RBA: State of Play: The Reserve Bank of Australia kept rates unchanged at a
record low 1.5% Tuesday, but if their economic forecasts are met, 2019 could see
rates rise for the first time since November 2010.
- The RBA cut its Overnight Cash Rate to 1.5% back in August 2016, as weak
inflation, low growth and higher unemployment undermined arguments for an
increase, even in the face of an earlier property boom.
- With both the global and domestic economic expansion continuing, however, the
Bank is now keeping a close eye on inflation, employment and wage growth data as
it ponders its next move, which it continues to guide will likely be higher
rates.
- For full article see the main wire or contact us.

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