Reserve Bank of Australia’s Holds Interest Rates As Expected
The RBA has held Interest Rates at 3.00% as forecast.
RBA: Sees scope remain for further easing if needed
- Australian economy has been shrinking, growth in labor costs starting to decline
- Inflation to continue to recede in next 2 years
- Fiscal measures are producing considerable support for demand
- Full impact of recent easing yet to be felt
- Sees stronger dwelling activity later in the year
- Board to continue to monitor the economy and financial conditions




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