RBA Leaves Rates Unchanged

Posted: 2017-02-07 03:41:22

Statement Highlights:

Global economic conditions have improved in recent months.

Labor indicators mixed.

Inflation expected to remain low for some time.

Home prices rising briskly in some markets.

China stronger over back half of 2016 but medium term risks remain.

Higher commodity prices have supported a rise in Terms of Trade.

Inflation to pick up over 2017 and rise above 2%.

AUDUSD trading largely unchanged at 0.7660.