RBA keeps cash rate at 1.5pc, but sees clouds on horizon

Original article by Sarah Turner
The Australian Financial Review – Page: 9 : 3-Oct-18

The latest quarterly survey of economists shows that the general consensus is that a rise in the cash rate is unlikely before late 2019. The Reserve Bank of Australia left official interest rates unchanged on 2 October, and governor Philip Lowe has reiterated that progress in reducing the unemployment rate and lifting inflation to the RBA’s target range of 2-3 per cent is likely to be gradual. Gareth Aird of the Commonwealth Bank expects the outlook for the housing market to influence the timing of any change in monetary policy.

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RESERVE BANK OF AUSTRALIA, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, WESTPAC BANKING CORPORATION – ASX WBC, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB

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