RBA’s board stresses uncertain outlook in latest minutes

rba-night

Trade disputes, lower growth in China and an uncertain outlook for consumption in Australia prompted board members of the Reserve Bank of Australia to keep rates unchanged on February 5.

Australia’s rate-setters stressed that “uncertainty about the recent momentum of consumption and factors affecting households’ future consumption decisions remained a key risk for the domestic economic outlook”. This was one of the key reasons why the board left the cash rate unchanged at 1.5%.

The minutes of

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