• On today’s monthly meeting, RBA decided to put the interest rate on hold, remaining at 1%
  • But expects another cut later this year, to increase inflation, lower unemployment rate and boost economic growth
  • Consumer Price Inflation (CPI) data for Q2 2019 shows an improving annual growth in underlying inflation of 1.4%, headline inflation increased by 1.6%,but still well below RBA’s 2-3% Target
  • The escalating US-China trade war also poses a risk to Australian economy
  • Regarding the current property price downturn, in RBA’s statement, comments as there are ‘some signs of a turnaround, especially in Sydney and Melbourne
This 3D Architectural Image shows an interior artist impression of a modern designed bathroom in cole townhouse development project, with double-basin stone bench overhang vanity, wall mounted toilet and semi-frameless shower

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