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RBA Sees Brighter Global Picture, Gradual Improvement at Home


Tuesday, 20 March 2018 08:36 WIB

RBAEkonomi AustraliaReserve Bank of Australia


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Australia’s central bank highlighted a better global backdrop and faster growth at home, while reiterating inflation’s advance and unemployment’s decline would be only gradual, in minutes of this month’s policy meeting.

Main Takeaways

Spare capacity in labor market will continue to decline “gradually” in 2018 and, as a result, wage growth was expected to rise “gradually”

Australia’s GDP growth expected to exceed potential in 2018 and inflation seen increasing “gradually” to be a little over 2%

Household debt remained high, contributing to uncertainty around outlook for consumption growth

Economic growth in most of Australia’s major trading partners had risen to be above its five-year average over 2017 and this momentum appeared to have been maintained into 2018

Source : Bloomberg


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