RBA: an appreciation in the AUD would slow expected acceleration in growth, inflation

Market news

15 May 2018

RBA: an appreciation in the AUD would slow expected acceleration in growth, inflation

Wages expected to pick up gradually as leading indicators pointed to more job gains
Still uncertainties remain on extent, speed of pick-up in wages and inflation
Strength in employment has supported household consumption so far
High household debt poses uncertainty for consumption outlook
Conditions in global economy positive, China debt levels an important risk

RBA's Debelle: board view is holding cash rate steady would help reduce unemployment, increase inflation over time

RBA minutes: board agreed there was not a strong case for near-term move in policy

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