Australia may RBA cash rate stays flat at 1.5 % (fcast 1.5 %) vs prev 1.5 %, RBA says low rates supporting economy

Market news

1 May 2018

Australia may RBA cash rate stays flat at 1.5 % (fcast 1.5 %) vs prev 1.5 %, RBA says low rates supporting economy

Central forecast for australian economy to grow faster than a year ago
Progress on unemployment and inflation expected to be gradual
Sees GDP growth to average a bit above 3 pct in 2018, 2019
Expects gradual pick up in inflation as economy strengthens
Inflation likely to remain low for some time
Steady policy consistent with growth, inflation targets

Reserve Bank of Australia says recent inflation figures were in line with our expectations, CPI inflation expected to be a bit above 2 pct in 2018

Australia: Announcement of the RBA decision on the discount rate, 1.5% (forecast 1.5%)

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