Reserve Bank of Australia says gradual pick up in inflation expected as the economy strengthens

Market news

6 March 2018

Reserve Bank of Australia says gradual pick up in inflation expected as the economy strengthens

Public infrastructure investment supporting economy
Further progress in reducing unemployment, having inflation return to target likely to be gradual
Appreciating exchange rate could slow economic activity, inflation
Inflation likely to remain low for some time, reflecting low wage growth, strong retail competition
Household consumption is a source of uncertainty

Australian current account deficit rose $3,011 million to $14,024 million in the December quarter

RBA: at its meeting today, the board decided to leave the cash rate unchanged at 1.50%, level of interest rates continuing to support the Australian economy

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