Total spending grew 1.2% m/m in May
Insight
March 6, 2013
RBA Leaves Rates on Hold
As expected, the RBA left the cash rate unchanged at 3.00% yesterday, also retaining their monetary easing bias, or in their words, “the inflation outlook, as assessed at present, would afford scope to ease policy further, should that be necessary to support demand”.
NAB still expects more easing this year
As almost uniformly expected by analysts and interest rate market pricing, the RBA left the cash rate unchanged at 3.00% yesterday also retaining their monetary easing bias, or in their words, “the inflation outlook, as assessed at present, would afford scope to ease policy further, should that be necessary to support demand”. …
