Reserve Bank of Australia Interest rate decision 06.03.201

  • Says Low rates will continue to support Australian economy
  • Inflation is likely to remain low for some time
  • Wage growth is to remain low for some time
  • The rate of wage growth appears to have trouged
  • Australian economy to grow faster in 2018 than in 2017
  • Household consumption remains a source of uncertainty
  • Appreciating exchange rate could slow economic activity, inflation
  • Here’s the link to the policy statement

AUDUSD unmoved on the statement , picks up a few points now 0.7790 around the 200 HMA

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