FX & CFD trading involves significant risk
The Reserve Bank of Australia (RBA) release its Statement on Monetary Policy on Friday. The central bank cut its inflation forecasts. Consumer price inflation is expected to be 1%-2% by the end of 2016, down from its previous estimate of 2%-3%, and 1.5%-2.5% by mid-2018, down from its previous estimate of 2%-3%. The Australian economy is expected to expand 2.5%-3.5% by the end of 2016, and 3%-4% by mid-2018, both forecasts remained unchanged.
The RBA said that uncertainty weighed on consumer price inflation in Australia, adding that it will adjust its monetary policy to boost consumption and inflation.
|remaining time till the new event being published|
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.