The Reserve Bank of Australia (RBA) upgraded its growth forecast for our economy even as it held interest rates at record lows today.
The Australia dollar dipped slightly on the news to US77.45 cents while the S&P/ASX 200 Index (Index:^AXJO) held on to its 0.4% gain.
While the decision to keep rates at 0.1% wouldn’t surprise anyone, there are three key takeaways for ASX investors.
RBA upgrades GDP forecast
The first is the upgrade to the Australian gross domestic product (GDP). The central bank upgraded its forecast again and is predicting growth of 4.75% this calendar year. That’s a sizable step up from the 3.5% that it was…