December 2018 RBA Decision

The RBA surprised the market and most economists, not by raising official interest rates, but by raising their 2019 economic growth forecast. Earlier in November, the RBA raised their forecast for Australia’s economic growth outlook to 3 ½% for 2019, well above broad consensus. Despite citing improving unemployment at 5%, inflation at 1.9% and easing house prices, the RBA has kept rates on hold at 1.5% at its last meeting for 2018, a level that will support sustainable growth. Looking to 2019, we see more of the same and despite some challenges, it’s our view that overall momentum will continue.

Mint Residential would like to thank all of our clients for their continued support and trust throughout 2018. We look forward to continuing our success together with a prime focus on achieving outstanding results.