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Reserve Bank of Australia lowers 2017 growth outlook in policy statement

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Investing.com -

Investing.com - The Reserve Bank of Australia lowered its estimates of 2017 GDP growth, but kept inflation views unchanged in its latest monetary policy statement released on Friday.

The statement noted continued concerns about the health of China's economy, including for the statrt dates of major liquified natural gas projects aimed at exports.

The statement comes after a Feb. 2 decision to hold interest rates steady at a record low 2%, while noting there is scope to ease furtehr if warranted.

For the complete statement, click here .

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

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