The US/China trade and technology conflicts continue to create global uncertainty. Inflation remains low around the world despite low unemployment and wage growth. The Australian economy is expected to grow slowly though concerns that consumer spending remains low. Looks like low interest rates will be around for some time yet. Read more below.
The Reserve Bank of Australia (RBA), left the cash rate unchanged at 0.75 per cent.
How did they come to that decision?
The Board of the RBA considered the outlook for the global economy, bond yields, the Australian economy, the Australian labour market, housing market & inflation.
Philip Lowe, Governor of The Reserve Bank, explains everything here in his economic update
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