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- Reserve Bank of Australia holds the interest rate at 1.50%, as expected. Says low rates support the economy
Reserve Bank of Australia holds the interest rate at 1.50%, as expected. Says low rates support the economy
Progress in unemployment and inflation is expected to be gradual
Housing markets slowed down in Sydney and Melbourne
Lending conditions are tougher than they have been for some time
GDP growth is slightly revised for 2018 and 2019
Australian dollar remains in the range of the last two years
GDP growth will average 3.5% in 2018 and 2019, but slow down in 2020
The central inflation scenario is 2.25% in 2019, a higher one in 2020
Positive business conditions
Public infrastructure investments support the economy
Household consumption is a source of uncertainty.
Labor market outlook remains positive
Wage growth remains low, expect further growth over time
A further gradual reduction in unemployment is expected to 4.75% in 2020
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