The Reserve Bank of Australia announces its monetary policy decision - 3 April 2018

  • Prior decision 1.50%
  • Inflation likely to remain low for some time
  • Unchanged policy consistent with economic growth and CPI target over time
  • Sees inflation picking up gradually over time
  • Central forecast remains for faster growth in 2018
  • Outlook for household consumption is a source of uncertainty
  • Rising AUD would lead to slower economic pick up
  • Stronger economy should see some lift in wage growth over time
  • Housing markets have slowed in Sydney, Melbourne

Pretty much the same stuff so far by the RBA as from the March meeting. The aussie barely budged from the announcement, no surprises there.

No change in rate decision, and no change in language for the most part. Non-event.