Aussie press: RBA ready to cut again
The Australian Financial Review with aa quick response to the RBA Statement
RBA lowers inflation forecasts, ready to cut rates (may be gated)
- 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