RBA forecasts: Growth to remain in the 2.5 to 3.5% band

Following the release of the RBA quarterly Statement on Monetary Policy (SoMP) last hour, the Australian central bank published its forecasts for growth and inflation this year.

Key Details:

Growth to remain in the 2.5 to 3.5% band, then rising into a 3 to 4% band

Inflation remaining sub 2% this year and then 1.5 to 2.5%

Below is the summarised table via CommSec: