RBA dampens rate cut hopes

Original article by David Rogers
The Australian – Page: 17 & 28 : 27-Jul-17

Reserve Bank of Australia governor Philip Lowe has signalled that the central bank will maintain its inflation target of 2-3 per cent. Meanwhile, new data shows that CPI growth in the June quarter was below expectations at 1.9 per cent, although growth in core inflation was in line with forecasts at 1.8 per cent. Shane Oliver of AMP Capital expects the RBA to leave the cash rate at 1.5 per cent until at least the end of 2018.

CORPORATES
RESERVE BANK OF AUSTRALIA, AMP CAPITAL INVESTORS LIMITED, AUSTRALIAN BUREAU OF STATISTICS, THE ANIKA FOUNDATION

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