Original article by Adam Creighton
The Australian – Page: 2 : 6-Dec-18
The lower-than-expected GDP growth for both the September quarter and the year to September should be sufficient to ensure further easing of monetary policy. The Reserve Bank has consistently maintained that the cash rate is more likely to rise rather than fall, but a rate cut now seems more probable. However, the record level of household debt means a rate cut may have little impact on the economy or put much downward pressure on mortgage interest rates.
RESERVE BANK OF AUSTRALIA, UNITED STATES. FEDERAL RESERVE BOARD