The RBA Board kept its cash rate target unchanged at 0.10% at its April Board meeting. However, the RBA dropped any reference from its post-meeting statement that it will be patient as it monitors how the various factors affecting inflation in Australia evolve, raising market expectations for an interest rate hike as soon as June. Western Australian dwelling approvals rose by 8.0% in February.
Western Australian retail sales fell 2.9% in February, but were up 10.5% through the year.
Western Australia’s unemployment rate was 4.1% in February.