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Unemployment up, inflation down in fresh RBA forecasts

Pelican Press

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in World News

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Unemployment up, inflation down in fresh RBA forecasts

The Reserve Bank of Australia has updated its economic forecasts in its quarterly Statement on Monetary Policy, released alongside a 25 basis point cash rate cut on Tuesday.

GROSS DOMESTIC PRODUCT:

* Dec 2024 – 1.3pct, prev 1.1pct

* Dec 2025 – 2.1pct, prev 2.4pct

* Dec 2026 – 2.2pct, prev 2.3pct

UNEMPLOYMENT RATE:

* Dec 2024 – 4pct, prev 4pct

* Dec 2025 – 4.2pct, prev 4.2pct

* Dec 2026 – 4.3pct, prev 4.2pct

WAGE PRICE INDEX:

* Dec 2024 – 3.2pct, prev 3.2pct

* Dec 2025 – 3.3pct, prev 3.4pct

* Dec 2026 – 3pct, prev 3.1pct

CONSUMER PRICE INDEX:

* Dec 2024 – 2.4pct, prev 2.4pct

* Dec 2025 – 3pct, prev 3.7pct

* Dec 2026 – 2.9pct, prev 2.8pct

TRIMMED MEAN INFLATION:

* Dec 2024 – 3.3pct, prev 3.2pct

* Dec 2025 – 2.6pct, prev 2.7pct

* Dec 2026 – 2.6pct, prev 2.7pct



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#Unemployment #inflation #fresh #RBA #forecasts

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