• The Reserve Bank of Australia holds interest rate unchanged at 1.50%

Market news

4 September 2018

The Reserve Bank of Australia holds interest rate unchanged at 1.50%

  • Prospects of household consumption remain uncertain

  • Growth in housing loans slowed due to lower investment demand

  • The inflation in 2019 and 2020 will be higher than now

  • Accelerating wage growth is likely to be gradual in nature

  • Salary growth has recently accelerated slightly

  • Over the next two years, the unemployment rate will drop to about 5%

  • The prospects for the labor market remain positive

RBA predicts a gradual decline in unemployment and an increase in inflation
Switzerland: Consumer Price Index (MoM) , August 0% (forecast 0%)
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