Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

RBA economic outlook reveals rates likely to remain stable

Staff Reporter 1 minute read

Minutes from the RBA’s June board meeting, released yesterday, have revealed an economy unlikely to result in immediate rises to official interest rates.

Board members noted that flat retail sales, a decline in household and commercial loan approvals, lower growth in housing and business credit as well as subdued business and consumer confidence, all helped to moderate inflationary pressures over the last month.

These factors were behind the board’s decision to leave rates unchanged at 7.25 percent.

Concern however remains over the rise in Australia’s terms of trade, which are expected to add substantially to national incomes and the ability of consumers to spend.

“Should demand not slow as expected or should expectations of high ongoing inflation begin to affect wage and price setting behaviour, the outlook and the stance of policy would need to be reviewed.”

Advertisement
Advertisement

Published: 18-06-08

 

RBA economic outlook reveals rates likely to remain stable
default
TheAdviser logo
default
more from the adviser
houseandmoneyrates ‘Don’t rush in’: Risks of new housing scheme flagged

Broker support is critical for borrowers looking to capitalise on...

speed boat ta AFG welcomes specialist lender to its panel

The aggregator has welcomed specialty asset finance lender Austra...

business handshake 2 Finsure expands third-party team, appoints new BDMs

The mortgage aggregator has announced the appointment of new busi...

FROM THE WEB