Table 5. Output Growth and Inflation Forecasts(a) Per cent Year-ended Dec 2018 June 2019 Dec 2019 June 2020 Dec 2020 June 2021 GDP growth 2.3 13/4…
The RBA’s May 2019 Statement on Monetary Policy Outlook https://www.rba.gov.au/publications/smp/2019/may/economic-outlook.html includes the following table. Explain with reference to the forecast data in this table why you think that the RBA did not see a case to adjust the target cash rate at its May meeting. [3 marks] Suppose that new data comes in that is different to the forecasts. Suggest one possible change in the […]