• RBA: Now appropriate softer policy

Market news

2 October 2012

RBA: Now appropriate softer policy

 

 

Prospects for global growth have deteriorated

Prospects for economic growth next year will hurt

The balance of risks to the global economy shifted in a negative direction

Inflation will meet the target level

China's economic growth slowed

The Board pointed to the decline in export prices, the deterioration of the global economic outlook

Uncertainty surrounds China's prospects

The situation in the Australian labor market has deteriorated in recent months

Prices for key commodities have fallen dramatically

It takes time to change policy impacts on the economies

Terms of trade fell by more than 10% from the peak of 2011


 

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