{"id":293028,"date":"2019-08-06T06:48:50","date_gmt":"2019-08-05T20:48:50","guid":{"rendered":"https:\/\/www.gomarketingteam.com\/articles\/rba-august-statement\/"},"modified":"2021-02-19T12:21:06","modified_gmt":"2021-02-19T01:21:06","slug":"rba-august-statement","status":"publish","type":"post","link":"https:\/\/www.gomarkets.com\/en\/articles\/central-banks\/rba-august-statement\/","title":{"rendered":"RBA August Statement"},"content":{"rendered":"<p><strong>By Deepta Bolaky<\/strong><br \/>\n<img style=\"float: left; width: 20px; padding-top: 4px;\" src=\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2018\/08\/twitter.png\" \/>\u00a0<a href=\"https:\/\/twitter.com\/DeeptaGOMarkets\">@DeeptaGOMarkets<\/a><\/p>\n<h4 style=\"text-align: center;\"><img loading=\"lazy\" class=\"alignnone wp-image-101385\" title=\"reserve bank of australia august\" src=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2019\/08\/shutterstock_1095870353-1-1024x535.png\" alt=\"reserve bank of australia august\" width=\"820\" height=\"428\" srcset=\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2019\/08\/shutterstock_1095870353-1-1024x535.png 1024w, https:\/\/www.gomarkets.com\/wp-content\/uploads\/2019\/08\/shutterstock_1095870353-1-300x157.png 300w, https:\/\/www.gomarkets.com\/wp-content\/uploads\/2019\/08\/shutterstock_1095870353-1-768x401.png 768w, https:\/\/www.gomarkets.com\/wp-content\/uploads\/2019\/08\/shutterstock_1095870353-1-600x314.png 600w, https:\/\/www.gomarkets.com\/wp-content\/uploads\/2019\/08\/shutterstock_1095870353-1.png 1200w\" sizes=\"(max-width: 820px) 100vw, 820px\" \/><\/h4>\n<h4 style=\"text-align: center;\">The Main Headlines of the RBA August Statement<\/h4>\n<p style=\"text-align: center;\">By Philip Lowe, Governor: Monetary Policy Decision<\/p>\n<div style=\"text-align: left;\">\n<ul>\n<li>The Board decided to leave the cash rate unchanged at 1.00 per cent.<\/li>\n<li>The outlook for the global economy remains reasonable.<\/li>\n<li>The persistent downside risks to the global economy combined with subdued inflation have led a number of central banks to reduce interest rates this year and further monetary easing is widely expected.<\/li>\n<li>The Australian dollar is at its lowest level of recent times.<\/li>\n<li>Inflation to increase gradually, but it is likely to take longer than earlier expected for inflation to return to 2 per cent.<\/li>\n<li>Wages growth remains subdued and there is little upward pressure at present, with strong labour demand being met by more supply.<\/li>\n<li>Conditions in most housing markets remain soft, although there are some signs of a turnaround, especially in Sydney and Melbourne.<\/li>\n<li>It is reasonable to expect that an extended period of low-interest rates will be required in Australia to make progress.<\/li>\n<li>The Board will continue to monitor developments in the labour market closely and ease monetary policy further if needed to support sustainable growth in the economy and the achievement of the inflation target over time<\/li>\n<\/ul>\n<\/div>\n<p><strong>\u00a0<\/strong><em>Disclaimer: Articles and videos from GO Markets analysts are based on their independent analysis. Views expressed are of their own and of a \u2018general\u2019 nature. Advice (if any) are not based on the reader\u2019s personal objectives, financial situation or needs. \u00a0Readers should, therefore, consider how appropriate the advice (if any) is to their objectives, financial situation and needs, before acting on the advice.<\/em><\/p>\n<p><a href=\"https:\/\/www.gomarkets.com\/forex-education-courses\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img src=\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2019\/02\/Next-Steps-Blog-Bottom-Banner.jpg\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Deepta Bolaky \u00a0@DeeptaGOMarkets The Main Headlines of the RBA August Statement By Philip Lowe, Governor: Monetary Policy Decision The Board decided to leave the cash rate unchanged at 1.00 per cent. The outlook for the global economy remains reasonable. The persistent downside risks to the global economy combined with subdued inflation have led a [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2805],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RBA August Statement - GO Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gomarkets.com\/en\/articles\/central-banks\/rba-august-statement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBA August Statement - GO Markets\" \/>\n<meta property=\"og:description\" content=\"By Deepta Bolaky \u00a0@DeeptaGOMarkets The Main Headlines of the RBA August Statement By Philip Lowe, Governor: Monetary Policy Decision The Board decided to leave the cash rate unchanged at 1.00 per cent. 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