Original article by Jacob Greber
The Australian Financial Review – Page: 1 : 7-Jun-18
The latest GDP data shows that the Australian economy expanded by one per cent in the March quarter and 3.1 per cent year-on-year. The economy recorded nominal growth of 2.2 per cent for the quarter, while real net national disposable income per capita rose by 1.5 per cent. Despite the better-than-expected GDP data, the Reserve Bank is still widely tipped to leave the cash rate on hold until at least late 2019, although growth in wages may be a key factor in the timing of any change in monetary policy.
RESERVE BANK OF AUSTRALIA, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY, MACQUARIE UNIVERSITY