Original article by David Rogers
The Australian – Page: 17 & 27 : 8-Jun-17

Data from Credit Suisse shows that financial markets expect the cash rate to remain on hold in the next 12 months, following the release of the latest GDP data. The economy expanded by just 0.3 per cent in the March 2017 quarter, and year-on-year growth fell to an eight-year low of 1.7 per cent. The data will cast doubt on the Reserve Bank’s forecast of calendar year economic growth of 2.5-3.5 per cent. The Commonwealth Bank notes that the central bank will be adverse to easing the cash rate, as doing so could further inflate house prices.

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CREDIT SUISSE (AUSTRALIA) LIMITED, RESERVE BANK OF AUSTRALIA, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, ROYAL BANK OF CANADA, GOLDMAN SACHS AUSTRALIA PTY LTD, WESFARMERS LIMITED – ASX WES, TELSTRA CORPORATION LIMITED – ASX TLS, TOLL HOLDINGS LIMITED, GOODMAN GROUP – ASX GMG

Original article by David Rogers
The Australian – Page: 19 & 28 : 7-Jun-17

The Reserve Bank of Australia’s monetary policy statement for June 2017 notes that GDP growth is likely to have slowed in the March 2017 quarter. Paul Dales of Capital Economics says that while the central bank may be willing to overlook a temporary fall in GDP, a second successive quarter of weak GDP growth in June would be a concern for it. Dales expects the RBA to leave official interest rates unchanged at 1.5 per cent for the rest of 2017, after doing so in June.

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RESERVE BANK OF AUSTRALIA, CAPITAL ECONOMICS LIMITED, CITIGROUP PTY LTD, BARCLAYS BANK PLC, ABERDEEN ASSET MANAGEMENT LIMITED