Fitch affirms Australia’s AAA credit rating outlook

Fitch Ratings has today reaffirmed Australia’s AAA sovereign credit rating with a stable outlook by governmental tools that support economic growth and rising levels of incomes for individuals, as well as macroeconomic stability. Fitch expects the current monetary policy to remain expansionary, as it is more accommodative and supports economic growth over the next two years as challenges continue to face the economic conditions of slow wage growth and weak inflationary pressures.