Economic activity remains patchy, with the RBA forecasting that Australia’s economy will stay flatter for longer. Growth of 2.25% this year rising to 2.75% by the end of 2020 is predicted.
The cash rate was held at the current record low of 0.75%.
The economy appears to be benefiting from already low interest rates, recent tax cuts, ongoing infrastructure spending and the upswing in housing prices.
We also look at the other economic indicators that paint a picture of the health of the economy, including consumer sentiment, movements in the Australian dollar, unemployment and wages as well as the state of the property market across all of the capital cities.