RBA main takeaway? - Scotiabank

Analysts at Scotiabank noted the key takeaways from the RBA last week.

Key Quotes:

"The RBA statement on monetary policy lowered growth forecasts, noting the strong AUD had a modest “dampening effect” on growth. 

But the central bank also forecast that inflation would reach 2% sooner than previously expected (in H2 this year—advancing the estimate from early 2018 in the previous statement)."