Economic growth data from Australia for the October to December quarter last year.
0.2% q/q, a miss, below the previous, and generally awful result
- expected 0.3% q/q, prior 0.3%
2.3% y/y
- expected 2.6% y/y, prior 2.7%, revised from 2.8%
The RBA forecast for this was 0.6%. Pretty clueless.
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We had comments from Reserve Bank of Australia Governor Dr. Phil earlier. Comfortable, as always.
- More from RBA's Lowe: Q3, Q4 GDP likely to be significantly below trend
- RBA Gov. Lowe: probabilities of hike or cut remain reasonably evenly balanced
- RBA's Lowe says difficult to imagine rates will rise in 2019
Latest from the RBA (just kidding, K?):
