Fund Manager, Chris Pedersen discusses the monthly RBA Monetary Statement and Metcash results.
- Global conditions continue to improve
- Monetary conditions remain “quite expansionary”
- Wage growth remains low in most countries and inflation is low
- RBA forecasts GDP growing to 3% per annum
- Non mining sectors continue to improve
- Employment growth strong and Participation rate improving
- Inflation in line at 2% and A$ remaining low, which is good
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