The RBA's crystal ball is clear as mud

A high level of global uncertainty clouds the RBA's next move, with forecasts suggesting Australia's economic outlook is riddled with risks.

The Reserve Bank of Australia has revised down estimates of economic growth in 2014, as a result of a faster than expected decline in mining investment and the Australian dollar appreciating since the RBA’s last Statement. But with so much uncertainty surrounding the forecasts it remains unclear what the RBA’s next move should be.

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