Page 6 - நிதி கட்டுப்பாட்டாளர்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Australia is just months away from a property lending crackdown, according to ANZ – here s what it could look like
businessinsider.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.com.au Daily Mail and Mail on Sunday newspapers.
Mortgage Business
Lowe stays firm on cash rate outlook By Sarah Simpkins 07 July 2021
The Reserve Bank governor has insisted that Australia is unlikely to reach the prerequisites for raising the cash rate sooner than 2024, despite clashing industry speculation.
The statement collided with estimates from CBA and ANZ, among other banks, that the RBA could change rates as soon as 2023 or even 2022.
But in an address discussing the central bank’s monetary decision, RBA governor Philip Lowe referred back to its targets for raising the rate, commenting it was “unlikely”.
The RBA is aiming for inflation to hit 2-3 per cent, compared with 2020’s 0.87 per cent, and for the yield target to be achieved, which would see the April 2024 bond hit 10 bps.
MacroBusiness
Access Subscriber Only Content
There are five reasons why the RBA should not tighten monetary policy at all tomorrow.
First, commodity prices are going to crash over the next year. This is already baked in.
Current trends in China indicate a renewed structural reform push that includes $1.5tr less new credit this year than last, much of it in commosity-centric growth areas.
As well, the global inventory supercycle is peaking and US inflation is going to fall away fast as it does. This will be exacerbated by the recent Fed policy error triggering a strong US dollar, ending the financial bid into commodities.
The RBA will begin softening its hardline stance on record low interest rates, economists say
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
vimarsana © 2020. All Rights Reserved.