Hold on rates due to strong jobs data

Original article by David Uren
The Australian – Page: 2 : 20-Mar-19

The minutes of the Reserve Bank’s monthly board meeting show that the central bank expects the labour market to remain strong, negating the need for any change to the cash rate in the near-term. The Reserve Bank also maintained its guidance for GDP growth of about three per cent in 2019, although the board meeting was held the day before the release of data showing GDP growth of just 0.2 per cent for the December 2018 quarter.

CORPORATES
RESERVE BANK OF AUSTRALIA, AUSTRALIAN BUREAU OF STATISTICS

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