RBA's July chart pack that helped make its cash rate hold

RBA's July chart pack that helped make its cash rate hold
RBA's July chart pack that helped make its cash rate hold

The RBA have released their chart pack for the July cash rate decision.

We focus on the key charts which will have helped the institution come to its decision to hold rates at 1.5 percent for the 21st consecutive meeting. 

Australia's GDP growth continues to rise to the highest point in the last three years.

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RBA's July chart pack that helped make its cash rate hold

Consumer price inflation stuttered after bouncing back from its record low in 2016.

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RBA's July chart pack that helped make its cash rate hold

Consumer sentiment continues to hover just above average.

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RBA's July chart pack that helped make its cash rate hold

House prices continue to decline, however there's no slowing down of household debt which continues to climb, although at a slower rate.

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RBA's July chart pack that helped make its cash rate hold

Housing loan approvals continue to fall as the banks tighten their lending criteria.

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RBA's July chart pack that helped make its cash rate hold

To see the full chart pack click here.

Tags: 
Rba Rate Decision Rba Insights

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