RBA Interest Rate Announcement

RBA Interest Rate Announcement August 2018

The RBA today has decided to leave interest rates unchanged again.

Here is the summary of what the RBA said:

  1. The global economy has strengthened while growth in China has slowed a little.
  2. Australian wholesale interest rates have increased over the recent months.
  3. Australian economy is forecast to grow above 3% in 2018.
  4. Expected unemployment rate over the next “couple of years” is to be “around” 5%.
  5. Inflation just touched 2.1% but headline inflation is lower than expected at 1.75%.
  6. Sydney and Melbourne housing markets have slowed with credit growth declining.

More details at https://www.rba.gov.au/media-releases/2018/mr-18-17.html

For more, go back to the full interest rate announcement list here.