A Quick Wrap up of the RBA for future reference:
  1. Accommodating policy as appropriate to based on outlook assessment.
  2. Reasonable Chance A$ to decline further once FED hikes (if any).
  3. Past FALL in A$ to support economy in face of lower terms of trade.
  4. GDP revised lower to reflect slower population growth.(2-3%-2015/16,2.5-4% 2016/17)
  5. Inflation 2-3% out to 2017, UP from 1.75-2.75% on lower A$ rate.
  6. Domestic Inflationary pressures well-contained, lower A$ to lift trading prices.
  7. Recent data have been generally positive but still the economy some headwinds.
  8. Lowers Unemployment forecast. Slowing population growth explains steady Jobless Rate. Still slack in labor market, but LITTLE less than previously expected.
  9. Population Growth 1.5% from previous 1.75%.
  10. Home prices rising rapidly in Sydney & Melbourne, Weak elsewhere.
  11. Risks in Chinese economy remain somewhat tilted to the downside.
  12. Outlook for Business investment weak, though surveys paints more positive outlook.
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