At its meeting today, the Reserve Bank of Australia have decided once again to leave the cash rate unchanged at 1.50%
- Conditions in the global economy have improved over 2017. Labour markets have tightened and further above-trend growth is expected in a number of advanced economies, although uncertainties remain.
- Employment growth has been strong over 2017 and the unemployment rate has declined.
- Business conditions are positive and capacity utilisation has increased. The outlook for non-mining business investment has improved further, with the forward-looking indicators being more positive than they have been for some time.
To view the full statement of Phillip Lowe, Governor of the Reserve Bank, please click here.
Published : 05 Dec 2017