Original article by David Rogers
The Australian – Page: 17 & 26 : 7-Dec-17
The latest GDP data has prompted financial markets to price in an 84 per cent chance that the Reserve Bank of Australia will increase the cash rate by the end of 2018, down from 94 per cent previously. The economy expanded by a lower-than-expected 0.6 per cent in the September 2017 quarter, while year-on-year growth rose from 1.9 per cent to 2.8 per cent. Meanwhile, growth in household consumption slowed to just 0.1 per cent quarter-on-quarter in the three months to September.
RESERVE BANK OF AUSTRALIA, WESTPAC BANKING CORPORATION – ASX WBC, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, JP MORGAN AUSTRALIA LIMITED