The outlook for the interest rate is more balanced, the Australian falls to 0.7090



Reserve Bank of Australia (RBA) Governor Phillip Lowe is on alert now, via Reuters, making a scheduled speech at the National Press Club in Sydney.

Key holders:

The perspective of the interest rate is more balanced.

Lower rates may be appropriate if unemployment increases, inflation stops.

The probabilities in the next frequency movement "seem to be more balanced".

There are scenarios in which the next movement in rates is up, others where it is below.

The Board does not see a solid case for a short-term change in the cash rate.

Developments in the labor market will be closely followed.

If jobs and wages increase, it will be appropriate to increase the cash rate at some point.

Lower rates may be appropriate if unemployment increases, inflation stops.

In a position to maintain current policy while badessing changes in the global economy, household spending.

The downside risks for the domestic economy have increased.

We still expect the economy to grow at a reasonable pace over the next two years.

See the expansion of the economy at around 3% in 2019, 2.75% over 2020.

He expects fourth quarter GDP to be stronger than the surprisingly mild third quarter result.

He sees unemployment decreasing to around 4.75% in the next two years.

Core inflation will increase to about 2% later this year, 2.25% by the end of 2020.

It is expected that household consumption will grow around 2.75% in the next two years.

Real commission on bank recommendations on "balanced and sensible" credit.

I had some concerns about the credit restriction had gone too far.

When seeing a manageable adjustment in the housing market, some correction was appropriate.

While global risks have increased, the central scenario remains positive for Australia.

The media that reported volatility in the financial markets seemed "too excitable".


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