RBA SoMP: GDP, inflation forecasts little changed
|The RBA’s Statement on Monetary Policy (SoMP), issued quarterly, has been published, with the Central Bank failing to provide fresh clues into monetary policy.
Key headlines
RBA: gdp, inflation f'casts little changed vs aug
RBA: policy: leaving cash rate unch was "appropriate"
RBA: reasonable prospect for achieving medium-term infla target
RBA: underlying cpi to pick up gradually to 2% by fcast end
RBA: china growth outlook remains key source of uncertainty
RBA: policy shows labor, hsg mkt main input in rate decision
RBA: lowers outlook for household consumption growth
RBA: h'hold consumption,savings decision among uncertainties
RBA: no reference to aud as key uncertainty in rba policy
RBA: appreciating aud could complicate econ rebalancing
RBA: global infla risks more balanced, but among uncertainties
RBA: hsg mkt source of uncertainty to infla, consumption
RBA: revised dnward employment growth fcast, jobless edge dn
RBA: recent comm price rises could add to inflation pressures
RBA: spare capacity in labor market likely for some time
RBA: low headline infla one key influence on low wage growth
RBA: domestic cost pressures remain subdued on wage, rent
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