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RBA to hold in June, says HSBC

The Reserve Bank of Australia will keep the official cash rate on hold at 1.75 per cent tomorrow, says HSBC – with last week’s stronger GDP figures likely to calm fears about low inflation.

RBA to hold in June, says HSBC
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  • Shared by InvestorDaily
  • June 06, 2016
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In an RBA Observer note on Friday, HSBC chief economist Paul Bloxham pointed to the “upside surprise” of last week’s first-quarter GDP figures, which grew by a stronger-than-expected 3.1 per cent year-on-year.

Read the full story at InvestorDaily.

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