Economic Update May 2019

  • May 7, 2019
  • admin

Economic Update May 2019

Economic Update May 2019 –

Despite concerns about lower than ideal inflation numbers, the Reserve Bank of Australia, have once again, decided to keep the cash rate unchanged at 1.50%.

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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