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1.Market Observations, 8.Was Sticky

8 Mar 2017 (AFR) – Australia’s official cash rate is going nowhere after RBA rate call

(8 March 2017, AFR, p19, by Philip Baker)

‘The official cash rate is going nowhere and if Westpac’s chief economist Bill Evans is right, it may not move until 2019. But over the past month the upbeat outlook for the global economy has been backed up by some solid economic data implying higher interest rates are on their way. The Reserve Bank of Australia did what everyone expected on Tuesday when it left the cash rate on hold for a sixth straight meeting despite some signs of a pick-up in growth and business investment.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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