RBA Cuts CPI Outlook as Aussie, Mine-Boom Peak Weigh on Growth

RBA Cuts CPI Outlook as Aussie, Mine-Boom Peak Weigh on Growth

Sergio Dionisio/Bloomberg

Pedestrians walk past the Reserve Bank of Australia headquarters in Sydney. The RBA’s 2 percentage points of rate cuts in the past 19 months are designed to boost demand and hiring in the nation’s south and east to pick up some of the slack in the economy as the mining investment boom peaks.