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5 Aug 2016
RBA forecasts: Growth to remain in the 2.5 to 3.5% band
Following the release of the RBA quarterly Statement on Monetary Policy (SoMP) last hour, the Australian central bank published its forecasts for growth and inflation this year.
Key Details:
Growth to remain in the 2.5 to 3.5% band, then rising into a 3 to 4% band
Inflation remaining sub 2% this year and then 1.5 to 2.5%
Below is the summarised table via CommSec:
