The economist of RBC Capital Markets, Michael Turner said that the Reserve Bank of Australia’s meeting summary of monetary policy in February accorded with overall tightened trend of authority.
Turner said that the family spending in Australia is still the key risk in the future, and the Reserve Bank of Australia has great changes on consumption expectation.
He believed that the history showed the unemployment rate may reach the level below 5 percent. And the RBA may increase 50 basis points; the second round of interest increasing will appear in the second quarter. "
Forex News from Ikon Group
Edited By Sarah