Reserve Bank significantly lowers inflation forecast

Photo of Reserve Bank significantly lowers inflation forecast
Facebook
VKontakte
share_fav

Rise in Australia’s inflation to 2% not expected until mid-2019, so record-low interest rates could remain through 2018

The Reserve Bank has conceded it could take longer than expected for inflationary pressures to build in Australia, meaning record-low interest rates could be here until 2019.

The admission has reinforced concerns about the scourge of “lowflation”, and comes weeks after John Fraser, the Treasury secretary, admitted being caught off-guard by Australia’s severe wages slowdown in recent years.

Continue reading...
view The Guardian: World News
#inflation
#australian economy
#interest rates australia
#reserve bank of australia
#australia news