RBA’s MPS: Trims GDP growth and inflation forecasts for end 2023 RBA CentralBanks AUDUSD InterestRate
Statement on Friday, suggesting a reduction in the central bank’s inflation and growth forecasts for this year.Board considered raising rates at Aug meeting, decided stronger case was to hold steady.Inflation is moving in the right direction, consistent with reaching target by late 2025.Board mindful of lags in policy, painful financial squeeze on some households.Tightening could provide some further insurance against upside inflation risks.Forecasts GDP end 2023 0.9%, end 2024 1.6%, end 2025 2.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2024 Toyota Land Cruiser: Exploring Each Trim LevelThe 2024 Land Cruiser comes in three trims, from a base model sporting cloth seats to the fancier limited-production First Edition.
Read more »
677 HP Mercedes-AMG EQE Electric SUV Starts From $110,000 | CarscoopsMercedes USA will the AMG EQE SUV in just two trims, starting at $110,450 and $113,750 depending on how fancy you want it to be car auto cars
Read more »
Bitcoin retreats after MicroStrategy bump with risk assets in viewBitcoin could face downside pressure from improved inflation and GDP readings causing investor flight from risk assets and into traditional markets, analysts said.
Read more »
When is the RBA Monetary Policy Statement and how could they affect AUD/USD?The Reserve Bank of Australia (RBA) will release its quarterly Monetary Policy Statement (MPS), also known as the Statement of Monetary Policy (SoMP),
Read more »
When is the RBA Monetary Policy Statement and how could they affect AUD/USD?The Reserve Bank of Australia (RBA) will release its quarterly Monetary Policy Statement (MPS), also known as the Statement of Monetary Policy (SoMP),
Read more »
E.l.f. Kicks Off New Fiscal Year as It Means to Go OnThe beauty company marked its 18th consecutive quarter of net sales growth and market share gains, allowing it to raise forecasts.
Read more »