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1.Market Observations, 2.Economic forecasts, 8.Was Sticky

5 Feb 2020 (TheAge) – Rinse, repeat: The RBA must ditch its permanently Panglossian view

(5 February 2020, The Age, p31, David Scutt)

‘The RBA has put its rose-tinted glasses back on, having temporarily removed them late last year, predicting a Goldilocks outcome of stronger economic growth, lower unemployment and a continuation of low inflation in the period ahead. The bank said in its policy announcement today it expects economic growth will accelerate to 3 per cent next year, a sufficient pace to see unemployment gradually fall below 5 per cent with underlying inflation moving back to the bottom of its 2-3 per cent target range for the first time since late 2015. Is it any wonder the board decided to keep interest rates unchanged again today?’

Read more at TheAge.com.au

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