» Australia: RBA Easing Bias Remains, But Continued Policy Pause? Decision Economics

Australia: RBA Easing Bias Remains, But Continued Policy Pause?

Posted April 2, 2013 by rvillareal

  • Surprising few, the Reserve Bank of Australia (RBA) decided to keep the Cash Rate unchanged at 3% at its meeting in April.
  • The accompanying statement by Governor Stevens showed few changes. Beginning with its assessment of the global economy, the RBA noted that growth is still forecast to be a little below average for a time, but also observed that downside risks appeared to be reduced.
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