RBA says AUD remains within range of past two years

Market news

5 December 2017

RBA says AUD remains within range of past two years

Australia dec 2017 rba cash rate stays flat at 1.5 percent (fcast 1.5 percent) vs prev 1.5 percent
Outlook for household consumption a source of uncertainty
Terms of trade expected to decline going forward but remain at high levels
Says conditions in global economy continuing to improve
Expects gdp growth to average around 3 pct over next few years
Forecast remains for inflation to pick up gradually

RBA says stronger labour market should see some lift in wage growth over time

RBA says labour market continues to strengthen, forward-looking indicators point to solid labour growth ahead

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