In their policy announcement the Reserve Bank of Australia dialled back their expectations for GDP growth to a still too optimistic (IMO) 3%
And they fudged on their inflation expectations again … they've been missing for 3 years already, what's more years missed, right guys? I think anyone who had a job with only two objectives to achieve and who were consistently not doing one of them might want to address their shortcomings and not just she 'Yeah, it'll come good eventually!' That might be just me though.
Anyway, still to come from the Bank.
- Wednesday 6 February 2019 at 12.30pm local time, which is 0130GMT Governor Lowe is speaking at the National Press Club in Sydney. Topic is The Year Ahead
- Friday 8 February the RBA will publish its quarterly Statement on Monetary Policy (SoMP)
