Exchange rate, growth concerns for RBA

01 August 2017

 

No one expected the RBA Board to move the overnight cash rate in any direction at its August meeting. The Board obliged and kept the cash rate at 1.50%. The statement accompanying the decision referred to subdued wages growth, core inflation running below target and an uncertain outlook for consumer spending. For some time, the RBA has been concerned with the build-up of household debt. It has also regularly made...

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