Question: From 2008 until 2019, the average GDP growth rate has been approximately 2.5% and inflation has been approximately 2.1%. Explain with reference to the forecast

From 2008 until 2019, the average GDP growth rate has been approximately 2.5% and inflation has been approximately 2.1%.

Explain with reference to the forecast data in these tables why you think that the RBA saw a case to adjust the target cash rate at its March meeting, but kept the cash rate constant at its February and May meetings.

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