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  • Statement on Monetary Policy, February 2019

    From rba.gov.au Story is in PDF Format

    The Australian economy is growing a little above trend, although GDP growth slowed unexpectedly in the September quarter. In contrast, the labour market continues to improve, with the unemployment rate having fallen to 5 per cent. Underlying inflation remains low but is above its trough. The Bank’s growth forecasts have been revised down in light of recent data, particularly for consumption. GDP growth is expected to be around 3 per cent over this year and 2¾ per cent over 2020. With growth expected to be a little above trend and the unemployment rate continuing to decline, underlying inflation is expected to ... (full story)

Added at 7:42pm

  • RBA shifts to a more balanced view

    From westpaciq.westpac.com.au

    The RBA has started the year with a significant shift, lowering its growth outlook and acknowledging greater uncertainties and downside risks. While the Board still expects the economy to track towards its employment and inflation targets, and does not see a strong case for a near term change in the cash rate, there has been a clear change in emphasis. In particular, the Governor has moved from the view, expressed throughout 2018, that “the next move in the cash rate was more likely to be an increase than a decrease” to one in which the probabilities of the next move being up or down are “more evenly ... (full story)

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Key

The Reserve Bank Board has maintained the
cash rate at 1½ per cent since August 2016.
This expansionary setting of monetary policy
has helped support growth and create the
conditions for lower unemployment and a
gradual increase in inflation. The steady setting
of monetary policy has supported stability and
confidence in the Australian economy
Quoting Guest
Key The Reserve Bank Board has maintained the cash rate at 1½ per cent since August 2016. This expansionary setting of monetary policy has helped support growth and create the conditions for lower unemployment and a gradual increase in inflation. The steady setting of monetary policy has supported stability and confidence in the Australian economy
>>KEY<< banks have all ready put rate far above the bench rate so who is he trying to kidd
my only question is how low it can go down😂
all the gains from 24 of Jan is gone....gone
Quote
and the unemployment rate continuing to decline
the only way that can happen is if they continue to shift the goal posts on how the data is presented, which I guess will simply happen.
Reserve can't drop rates as it will not be passed on, with banks moving on up anyways, they can't raise either, quite frankly they are stuffed!
Made 50 pip 😀
Quoting asiantrader5
all the gains from 24 of Jan is gone....gone
seems to be simple take profits early and re entry if you feel it's going your way lesson is greed always gets in the way
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