Australia’s central bank said the outlook for the currency and China are key uncertainties to its growth and inflation forecasts, which were otherwise little changed. The Reserve Bank of Australia, in its quarterly statement Friday, predicted annual growth of 2.5 percent to 3.5 percent through December, accelerating to around 3 percent to 4 percent in 2018. There was little near-term change for unemployment and core inflation was expected to remain below 2 percent for most of the forecast period through 2018. The bank gave no interest-rate guidance after cutting to a record-low 1.5 percent Tuesday. While the currency is forecast to ... (Read the full story)
