Minutes of the Monetary Policy Meeting of the Reserve Bank Board - March 2018

Minutes of the Monetary Policy Meeting of the Reserve Bank Board - March 2018

GDP growth in most of Australia's major trading partners had risen to be above its five-year average over 2017 and that this momentum appeared to have been maintained into 2018.

Members noted that a lack of ‘animal spirits’ following the global financial crisis probably helped explain why non-mining business investment had not been as strong as expected over this period.