A rise in the AUD would lead to slower pick up in inflation, economic growth - RBA minutes

Market news

19 June 2018

A rise in the AUD would lead to slower pick up in inflation, economic growth - RBA minutes

Recent data consistent with forecast acceleration in GDP growth to above 3 pct
Inflation to remain low for some time, pick up gradually to above 2 pct
Data suggested household consumption was less buoyant in Q2, partly due to warm weather
Low rates supporting economy, steady policy consistent with goals
Progress on unemployment and inflation expected to be only gradual

Swiss SECO is keeping to its previous assessment and anticipates robust GDP growth of 2.4% in 2018

Trump has asked U.S trade representative to identify $200 bln in Chinese goods for additional tariffs at a rate of 10 percent

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