Statement on Monetary Policy February 2020

The Statement on Monetary Policy sets out the Bank's assessment of current economic conditions, both domestic and international, along with the outlook for Australian inflation and output growth. A number of boxes on topics of special interest are also published. The Statement is issued four times a year.

• Download the complete Statement 5MB

• Overview
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• The International Environment
  Download 952KB
• Box A: The Recent Economic Slowdown in India
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• Domestic Economic Conditions
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• Box B: Macroeconomic Effects of the Drought and Bushfires
  Download 989KB
• Domestic Financial Conditions
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• Box C: Do Borrowers with Older Mortgages Pay Higher Interest Rates?
  Download 223KB
• Box D: Enhancing the Transparency of Interest Rates
  Download 232KB
• Inflation
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• Economic Outlook
  Download 371KB
• Appendix: Forecasts
  Download 162KB

The material in this Statement on Monetary Policy was finalised on 6 February 2020.

Some graphs in this publication were generated using Mathematica.

ISSN 1448–5133 (Print)
ISSN 1448–5141 (Online)