RBA Signals No Further Easing Planned

The Reserve Bank of Australia held rates at a record low 1.50 percent as expected on Tuesday and signaled economic conditions were in line with its inflation and growth targets.

In an assessment of the global economy, central bank governor Philip Lowe said in a statement that conditions have improved over last few months, with business and consumer confidence picking up. Advanced economies are also expected to see above-trend growth.

In addition, higher commodity prices have boosted Australia’s national income, he added.


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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.