Reserve Bank of Australia lowers its GDP and unemployment forecasts

Noticias del mercado

7 agosto 2015

Reserve Bank of Australia lowers its GDP and unemployment forecasts

The Reserve Bank of Australia lowered its GDP and unemployment forecasts on Friday. The Australian GDP for 2016 was cut to 2.5%-3.5% from 2.75%-3.75%, while core inflation is expected to be 2%-3%.

The unemployment rate is expected to be below 6.5%, down from the mid to high-6% range.

"The unemployment rate is now forecast to remain little changed over the next 18 months or so from recent levels, before declining over 2017," the central bank said.

Gold traded higher after the release of the U.S. labour market data

Bank of England Deputy Governor Ben Broadbent: there is no urgency to start raising interest rates

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