RBA Saw Signs Lower Rates Are Working, Retains Scope to Ease

RBA Saw Signs Lower Rates Are Working, Retains Scope to Ease

Ian Waldie/Bloomberg

A woman enters the Reserve Bank of Australia (RBA) headquarters in Sydney. The RBA this month reduced its economic growth and inflation forecasts as investment outside the mining industry remains elusive, the labor market softens and the high local currency contains prices.