RBA Says ‘Some Time' Before Inflation, Jobs Reach Their Targets

Central bank shaves unemployment forecasts through June 2019
RBA leaves inflation and growth estimates little changed

Reserve Bank of Australia headquarters in Sydney.
Photographer: Brendon Thorne/Bloomberg

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By Michael Heath

February 9, 2018 at 12:30 AM UTC

Updated on

February 9, 2018 at 12:42 AM UTC

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Australia’s central bank said the economy is some way off full employment and inflation returning to the midpoint of its target, signaling policy will stay on hold.

See the RBA’s updated growth and inflation forecasts here