Market Activity
Markets

Aussie press: RBA ready to cut again

The Australian Financial Review with aa quick response to the RBA Statement

RBA lowers inflation forecasts, ready to cut rates (may be gated)

In brief:

  • The Reserve Bank has reiterated its commitment to its inflation target, suggesting it will not shy away from further rate cuts if price and wage growth remains sluggish
  • RBA ... noting "broad based weakness in domestic cost pressures".
  • RBA now does not expect inflation to return to the lower end of its 2 to 3 per cent target inflation range until 2018

More at that link, above

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx

Latest Markets Videos