Business

Peter Martin

Peter Martin is the Economics Editor for The Age.

Australian Business Economists executive committee chairman Stephen Halmarick says economic growth is expected to be ...

Rates steady, economy weaker than RBA expects say experts

Australia's leading forecasters don't believe the Reserve Bank when it says the economy will grow 3 per cent this year and 3.25 per cent in 2018. The forecasts, in Friday's "Statement on Monetary Policy", are well above the median forecasts of 2.4 per cent and 2.8 per cent released by the Australian Business Economists executive committee on Tuesday.

RBA governor Philip Lowe delivered his speech to international investors in Sydney for the A50 Economic Forum.

Reserve Bank leaves rates on hold at 1.5%

The Reserve Bank of Australia has left its cash rate steady for the fifth consecutive board meeting as it prepares to release forecasts showing economic growth picking up and inflation climbing from 1.5 per cent to more than 2 per cent.