RBA’s latest monetary policy statement: lower growth, higher jobless rate

09 August 2019

 

The Statement on Monetary Policy (SoMP) is released each quarter and it is closely watched for updates to the RBA’s own forecasts. In the November SoMP, the opening statement of the “Outlook” section stated “Domestic economic conditions have been a bit stronger than were expected in August”. In February’s SoMP, the sentence was changed to “have been a bit softer than were expected” and, in May this was modified to...

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