Based on Macquarie Senior Economist Brian Redican, “The RBA’s sending a very strong message that it’s very relaxed about the second half of this year and their base case is still very positive in the medium term.”
The Reserve Bank of Australia (RBA) finds satisfaction on how the domestic economy is progressing. Strong Australia dollar, the mining boom and productivity growth, these are some of the important economic issues on how to read the domestic economy of one country. Despite of the economy optimism, it has a little indication that there might cut interest rate. If that would happen, rate cut is an indication of downside risks.