The big question mark hanging over the RBA's outlook

The Reserve Bank remains optimistic about prospects for the household sector, but considerable uncertainty about the collapse in mining investment continues to cloud its vision.

According to the Reserve Bank of Australia, there will be little relief for Australian households and businesses, with the economy set to rise at a below trend pace for another couple of years. But there is considerable uncertainty surrounding its outlook -- particularly for the mining sector -- which could prove disastrous if not managed effectively.

The Reserve Bank of Australia released its Statement on Monetary Policy today, which showed that the outlook for the Australian economy has eased over the past three months.

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