RESERVE BANK OF AUSTRALIA’S KEY FORECASTS
The Reserve Bank of Australia has trimmed its development forecasts within the August Statement of Monetary Policy as its rate of interest hikes work to rebalance provide and demand and produce down inflation.
GROSS DOMESTIC PRODUCT
December 2023: 0.9 per cent (beforehand 1.2 per cent)
December 2024: 1.6 per cent (beforehand 1.7 per cent)
December 2025: 2.3 per cent (N/A)
Actual annual development by way of to March: 2.3 per cent
UNEMPLOYMENT RATE
December 2023: 3.9 per cent (beforehand 4 per cent)
December 2024: 4.4 per cent (beforehand 4.4 per cent)
December 2025: 4.5 per cent (N/A)
WAGE PRICE INDEX
December 2023: 4.1 per cent (beforehand 4 per cent)
December 2024: 3.8 per cent (beforehand 3.8 per cent)
December 2025: 3.6 per cent (N/A)
CONSUMER PRICE INDEX
December 2023: 4.1 per cent (beforehand 4.5 per cent)
June 2024: 3.6 per cent (beforehand 3.6 per cent)
December 2024: 3.3 per cent (beforehand 3.2 per cent)
June 2025: 3.1 per cent (beforehand 3 per cent)
December 2025: 2.8 per cent (N/A)
Source: www.perthnow.com.au
