Jigsaw Mats Market Watch

There has been volatility in the markets of the last week due continued trade friction between the two largest economies. The devaluation of the RMB by the Chinese Central Bank also sent shock waves through out the world markets. The result of which were a fall in the AUD and general volatility in the stock market includes the market for jigsaw mats. The fluctuation in the value of the AUD in particular has had an enormous effect on the sale of jigsaw mats, most of which come from overseas and are valued in USD.

Furthermore, the RBA cut its growth forecasts for the Australian economy for this year to 2.5% and reduced its expectations for 2020. It also pushed out the date for which it expects inflation to return to target. The RBA has already cut interest rates by 0.5% and the door was left open for further cuts. The market factoring in  further easing in November and February, which could see the interest rate cut to a historic low of 0.5%. The current rate is 1%.