Original article by David Rogers
The Australian – Page: 27 : 21-Mar-18
The Reserve Bank of Australia has previously forecast that economic growth would average around three per cent in 2018. However, the minutes of the central bank’s latest monthly board meeting show that it expects economic growth to exceed "potential growth" in 2018. Bill Evans of Westpac notes that the Reserve Bank deems potential growth to be 2.75 per cent. Meanwhile, there seems to be little prospect of a rise in Australia’s cash rate in the near-term, while the Federal Reserve is widely tipped to increase US rates in March.
RESERVE BANK OF AUSTRALIA, WESTPAC BANKING CORPORATION – ASX WBC, UNITED STATES. FEDERAL RESERVE BOARD, JP MORGAN AUSTRALIA LIMITED, CAPITAL ECONOMICS LIMITED