Market Update – Interest Rate Outlook from the RBA
The Reserve Bank (RBA) has revised its growth and inflation forecasts for 2023, lowering them compared to previous estimates. Weaker outcomes in household consumption and business investment contribute to a lowered growth forecast of 1.2% for 2023. Inflation forecasts have also been reduced due to weaker-than-expected outcomes. Wages growth has been downgraded, and the bank […]
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