RBA Monetary Policy Statement Result : May 8 , 2015

RBA Monetary Policy Statement Result : May 8 , 2015

#RBA: Growth to remain below trend for longer than expected; cuts 2015-2016 growth estimates from 2.5%-3.5% seen in Feb to 2%-3%

#RBA: Cuts June 2016 core inflation estimate to 1.75%-2.75% vs 2%-3%

#RBA: Says further $AUD depreciation seems likely & necessary; says terms of trade seen falling about 6% over 2015

#RBA: Jobless rate to peak at 6.5% to mid 2016, to stay elevated

#RBA: Global economy risks balanced, China risks tilted down