Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Inflation set to decline: RBA

Staff Reporter 1 minute read

The economy is set for a period of below-trend growth as well as an easing in inflationary pressures, the RBA said on Friday in its quarterly Statement on Monetary Policy.

According to the RBA, available economic data for 2008 suggested that a significant moderation in domestic demand is now occurring. Prospects for growth and inflation was reliant on global economic forces, global and domestic financial market conditions and Australia’s rising terms of trade.

Given the opposing forces at work, the RBA said the overall outlook for inflation still remains somewhat uncertain. However its current assessment was that capacity pressures in the economy should ease and inflation should start to decline towards the end of 2008.

Published: 12-05-08

Inflation set to decline: RBA
default
TheAdviser logo
default

 

more from the adviser
handshake Former RAMS CEO to head up BOQ retail bank

Westpac’s current chief digital and marketing officer and forme...

AFG office Aggregator reveals record-breaking lodgements

Australian Finance Group has revealed its brokers lodged more loa...

online education tools ta iSelect launches SME loans in Valiant partnership

Comparison website iSelect launched a new business loan offering ...

FROM THE WEB