You are here

RBA frets over currency, China; sticks with GDP, CPI forecasts

Australia central bank predicts annual growth of 2.5% to 3.5% through December
Saturday, August 6, 2016 - 05:50
BT_20160806_RBA_2425129.jpg
TOUGH GOING: The RBA has faced difficulties with its currency as the US hesitates on tightening policy, and Europe and Japan run negative rates and bond-buying programmes.

Sydney

AUSTRALIA'S central bank said the outlook for the currency and China are key uncertainties to its growth and inflation forecasts, which were otherwise little changed.

The Reserve Bank of Australia (RBA), in its quarterly statement on Friday, predicted annual growth of 2.5