RBA says higher AUD is restraining price pressures

Market news

7 November 2017

RBA says higher AUD is restraining price pressures

Expects economy to grow at an annual 3 pct rate over the next few years
Signs conditions are easing in sydney house prices
Rising AUD would slow economy
Inflation remains low, likely to stay so for some time
Global economy continuing to improve
Unemployment expected to decline gradually
Increased infrastructure investment supporting the economy
Forecast for australian economy largely unchanged

Eurostoxx 50 futures up 0.30 pct, FTSE futures up 0.29 pct, CAC 40 futures up 0.31 pct, DAX futures up 0.32 pct, Shanghai Composite index closes up 0.7 pct at 3,413.57 points

10-year U.S. treasury yield at 2.328 percent vs U.S. close of 2.320 percent on Monday

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