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When the Reserve Bank met last Tuesday to hand down its latest monetary policy decision, a 0.25% rise to 4.35%, it also came with a new set of forecasts from the RBA’s latest Statement on Monetary Policy (SOMP).
While it held downgrades to the forecast rate of economic growth and higher inflation forecasts than the previous iteration, overall it wasn’t nearly as bad as some of the commentary from other central banks, such as the Bank of England, would suggest the outlook may be.
Source: Bank Of England
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About the author
Tarric is an Australian freelance journalist and independent analyst who covers economics, finance, and geopolitics. Tarric is the author of the Avid Commentator Report. His works have appeared in The Washington DC Examiner, The Spectator, The Sydney Morning Herald, News.com.au, among other places.