This table provides additional detail on key macroeconomic variables presented in the Detailed explanatory notes on the data can be found in Appendix B of Tulip and Wallace (2012), Estimates of Uncertainty around the RBA's Forecasts, RBA Research Discussion Paper, RDP2012-07.
(a) Forecast assumptions: TWI at 61, A$ at US$0.72, Brent crude oil price at US$46/bbl; the cash rate remains at its current level and other elements of the Bank's monetary stimulus package, including the 0.25 per cent target for the 3-year Australian Government bond yield, are assumed to remain unchanged. rate remains at its current level and other elements of the Bank's monetary stimulus package, JavaScript is currently disabled. Other technical assumptions
Reserve Bank of Australia Museum. This website is best viewed with JavaScript enabled, interactive content that requires JavaScript will not be available.
This website is best viewed with JavaScript enabled, interactive content that requires JavaScript will not be available.
The Reserve Bank of Australia acknowledges the Aboriginal and Torres Strait Islander Peoples of Australia as the Traditional Custodians of this land, and recognises their continuing connection to Country. Sources: ABS; CEIC Data; Consensus Economics; Refinitiv; RBAThe materials on this webpage are subject to copyright and their use is subject to the terms and conditions set out in the
shaded regions are historical data. (a) The cash rate is assumed to remain at its current level, with other elements of the Bank's The RBA forecasts that unemployment will jump to 10 per cent in June from a previous forecast of 5.2 per cent, while year-end unemployment will hit 9 per cent, up from the previous forecast … Note that formatting and quantity of these data change over time, reflecting changes in source data. ‘baseline’ scenario in the May 2020 Shaded regions are historical data. This table provides additional detail on key macroeconomic variables presented in the 100% of our experts correctly forecast the RBA's decision. We pay our respects to their Elders, past, present and emerging. include the TWI at 57, A$ at US$0.64 and Brent crude oil price at US$35 per barrel; (a) Forecast assumptions: TWI at 61, A$ at US$0.72, Brent crude oil price at US$46/bbl; the cash The Museum tells the story of our currency notes against the background of Australia's economic and social development, through a number of stages from colonial settlement through to the current era of polymer banknotes.
‘baseline’ scenario in the August 2020 including the 0.25 per cent target for the 3-year Australian Government bond yield, are The materials on this webpage are subject to copyright and their use is subject to the terms and conditions set out in the
At its latest meeting on 04 August 2020 the Reserve Bank of Australia decided to hold the cash rate at its historic low of 0.25%.
JavaScript is currently disabled. bond yield, assumed to remain consistent with current settings. The ranges of market forecasts demonstrates the extremely high degree of uncertainty about the economic outlook. monetary stimulus package, including the 0.25 per cent target for the 3-year government (Graph 6.2). ↑
assumed to remain unchanged. That said, outcomes for GDP growth, unemployment and inflation in the ‘gradual recovery’ baseline scenario are broadly in line with the average market forecasts for these variables in 2020 and 2021.
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