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- RBA quarterly statement: board sees no strong case for near-term move in cash rate
RBA quarterly statement: board sees no strong case for near-term move in cash rate
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If economy improves as expected, higher rates likely to be "appropriate" at some point
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Growth forecasts unchanged, inflation and unemployment nudged up in near term
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A "significant" appreciation in the a$ would dampen growth and inflation
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Underlying inflation forecast at 2 pct dec 2018 to dec 2019, rising to 2.25 pct by mid-2020
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Unemployment forecast at 5.5 pct end 2018 (from 5.25 pct), 5.25 pct out to mid-2020
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Economy not expected to face broad-based capacity constraints "for some time"
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Significant escalation of trade protectionism could derail global growth
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