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RBA Sees Brighter Global Picture, Gradual Improvement at Home
Tuesday, 20 March 2018 08:36 WIB | FISCAL & MONETARY |RBAEkonomi Australia

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 œgradually in 2018 and, as a result, wage growth was expected to rise œgradually

Australia™s GDP growth expected to exceed potential in 2018 and inflation seen increasing œgradually 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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