RBA Statement on Monetary Policy

From rba.gov.au

Growth of Australia’s major trading partners looks to have moderated a little in the March quarter, but indicators are consistent with the pace of growth remaining around average this year. There are some signs that the recent slowing in China may be temporary and the Chinese authorities have indicated a willingness to support investment growth, if needed, to achieve their target for output growth. In Japan, economic activity appears to have picked up as expected in the March quarter, ahead of the increase in the consumption tax in April, and this has been followed by a decline in some measures of activity. It ... (full story)