RBA Interest Rate Announcement December 2017

The RBA today has decided to leave interest rates unchanged again. Pretty much a rehash from last month.

Here is the summary of what the RBA said:

1. The global economy is improving and labour markets are stronger. Reports of employers finding it difficult to hire workers with necessary skills.
2. Headline inflation is low at under 2%.
3. Australian economy grew around its trend over the year to September.
4. The Australian dollar has appreciated recently which is weighing on output and employment.
5. Increased supervisory measure have resulted in credit standards tightening leading to housing market conditions easing in Sydney and stalling in most other capital cities.

More details at https://www.rba.gov.au/media-releases/2017/mr-17-25.html