The Reserve Bank of Australia (RBA) is expecting a gradual decline in unemployment to 5 percent over the next couple of years, according to the October policy statement. However, the central bank does not see the labor market tightening translating into wage price inflation for a while. Key points (Source: Reuters) Low rates supporting economy Progress on unemployment, inflation expected to be gradual GDP growth to average a bit above 3 pct in 2018, 2019 Business conditions are positive Housing markets have slowed in Sydney, Melbourne Public infrastructure investment supporting economy Household consumption a source of uncertainty Outlook for labour market remains positive Credit conditions tighter than they have been for some time Expects inflation to be higher in 2019, 2020 Further gradual decline in unemployment expected over the next couple of years to 5 percent Wage growth remains low, likely to continue for a while AUD remains in range of past couple of years AUD has fallen against US dollar, along with most other currencies Drought has led to difficult conditions in farm sector FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD takes a swift trip up and back down on the RBA’s rate call FX Street 4 years The Reserve Bank of Australia (RBA) is expecting a gradual decline in unemployment to 5 percent over the next couple of years, according to the October policy statement. However, the central bank does not see the labor market tightening translating into wage price inflation for a while. Key points (Source: Reuters) Low rates supporting economy Progress on unemployment, inflation expected to be gradual GDP growth to average a bit above 3 pct in 2018, 2019 Business conditions are positive Housing markets have slowed in Sydney, Melbourne Public infrastructure investment supporting economy Household consumption a source of uncertainty Outlook for… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
