Oliver’s Insights: RBA on hold and likely to remain easy for a long while yet as full employment gets more of a look in
https://mandalaywm.com.au/wp-content/themes/corpus/images/empty/thumbnail.jpg 150 150 Vee Rao Vee Rao https://secure.gravatar.com/avatar/fc54cf2f94f8f119686cd883c8576bc80e6971c26aba88348b0b067317461fdf?s=96&d=mm&r=g
Dr Shane Oliver, Head of Investment Strategy and Chief Economist takes a look at the outlook for official interest rates in Australia following the RBA’s latest monthly board meeting.
The key points are as follows:
-
The RBA left the cash rate at 0.1% at its April meeting.
-
While the economy is recovering faster than expected the conditions for a rate hike – actual inflation sustainably in the 2-3% target zone and wages growth well above 3% – are unlikely to be met for several years.
-
The RBA will likely start to slow its quantitative easing measures through this year though.
Download pdf copy – Oliver’s Insights: RBA on hold and likely to remain easy for a long while yet as full employment gets more of a look in.
If you would like to discuss any of the issues raised by Dr Oliver, please call on |PHONE| or email |STAFFEMAIL|.
