RBA SoMP: GDP, inflation forecasts little changed

Ivan Delgado Independent Analyst

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

Author

Ivan Delgado

Independent Analyst

Established in the Asian continent since 2009, Ivan studied a degree in Business at the University Pompeu Fabra (Barcelona), while also earning a postgraduate degree in Business Administration.

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