The further fall in the unemployment rate in December should convince the Reserve Bank of Australia (RBA) to keep rates unchanged at the meeting on 4th February. But the Bank will probably downgrade its GDP growth forecast and will signal that inflation is set to remain below target for the foreseeable future. As such, we still expect rates to fall to 0.25% over the coming months.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.