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Statement by Philip Lowe, Governor: Monetary Policy Decision
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.00 per cent. This follows a similar reduction at the Board's June meeting. This easing of monetary policy will support employment growth and provide greater confidence that inflation will be consistent with the medium-term target. The outlook for the global economy remains reasonable. However, the uncertainty generated by the trade and technology disputes is affecting investment and means that the risks to the global economy are tilted to the downside. In most advanced economies, inflation remains subdued, unemployment rates are ... (full story)
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RBA: The Board will continue to monitor developments in the labour market closely and adjust monetary policy if needed to support sustainable growth in the economy and the achievement of the inflation target over time.
— Anthony Barton (@ABartonMacro) July 2, 2019
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RBA says that the rate cut will help the central bank achieve its inflation target, and the board will adjust policy if needed to support growth
— Dimitri Zabelin (@ZabelinDimitri) July 2, 2019
- BBG#AUDUSD #AUDJPY #AustralianDollar #RBA
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RBA also claimed that inflationary pressures are broadly lower across the economy and expects to see price growth at 2% in 2020
— DailyFX Team Live (@DailyFXTeam) July 2, 2019
- BBG#RBA #AustralianDollar
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RBA: Took Decision To Support Employment Growth & Provide Greater Confidence On Inflation
— LiveSquawk (@LiveSquawk) July 2, 2019
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