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DeepNewz, mobile.
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Australia's central bank, the RBA, has decided to maintain interest rates at the current level and has softened its stance on tightening, indicating confidence in inflation returning to target amid a slowing economy. The RBA is adjusting its interest rate strategy following past errors to monitor the impact of previous rate hikes on the economy.
A concerning trend for the #RBA has now been completely reversed, for now. While the labour market remains tight the Bank can remain patient and cautious on inflation, it simply does not need to change bias further any time soon. https://t.co/E7sfhiKUZl
Trend's your friend - trend monthly employment growth solid but still running under where it will need to be if labour supply remains strong. https://t.co/tmADvcNQ0f
The RBA appears to have learnt from past mistakes by opening up its interest rate options while it waits to see if its November rate rise tipped Australia's economy into a worrying downward spiral, writes Michael Janda. https://t.co/w0WkCoOk5w
