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1.Market Observations, 8.Was Sticky

8 Mar 2017 (AFR) – RBA’s Philip Lowe buoyed by improving global outlook

(8 March 2017, AFR, p2, by Jacob Greber)

‘The Reserve Bank of Australia has been buoyed by hard evidence the global economy has decisively entered a lasting expansionary phase, which will ultimately increase the central bank’s scope to reverse official interest rate cuts blamed for overheating Sydney and Melbourne property markets. Led by a raft of strong economic data around the world, including gains in industrial production and trade flows, the Reserve Bank is feeling more confident that this year’s surge in global sentiment may be the real deal.’

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

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