Original article by Vesna Poljak, Matthew Cranston
The Australian Financial Review – Page: 1 & 4 : 8-May-19

The Reserve Bank has downgraded its 2019 growth forecast for the Australian economy from three per cent to around 2.75 per cent. The central bank indicated on 7 May that a "further improvement" in the labour market will be necessary to lift inflation to its target range. It has also flagged the prospect of an interest rate cut if the employment rate does not fall below five per cent. Michael Blythe of the Commonwealth Bank says the central bank will almost certainly reduce the cash rate if there is even a modest rise in unemployment.

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