RBA forecasts lower inflation and growth in Australia - News - Dukascopy Bank

Fri, 10 Feb 2012 08:39:24 GMT
Source: Bloomberg
 
© Scanpix/Reuters
Reserve Bank of Australia (RBA) cut its predictions for consumer price inflation and economic growth this year, giving lawmakers some scope to reduce interest rates in case the Australian economy decelerates rapidly. RBA lowered its annual GDP estimation from 4% to 3.5% and cut expectations for inflation rate from 3.25% to 3.0%. Figures are estimated based on current key interest rate at 4.25%.

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