Aussie press: RBA ready to cut again

Author: Eamonn Sheridan | Category: Central Banks

The Australian Financial Review with aa quick response to the RBA Statement

In brief:
  • The Reserve Bank has reiterated its commitment to its inflation target, suggesting it will not shy away from further rate cuts if price and wage growth remains sluggish
  • RBA ... noting "broad based weakness in domestic cost pressures".
  • RBA now does not expect inflation to return to the lower end of its 2 to 3 per cent target inflation range until 2018
More at that link, above

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