RBA bullish on Economy

Stock Watch

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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