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1.Market Observations, 2.Economic forecasts, 8.Was Sticky

2 July 2018 (AFR) – RBA on hold for another year: AFR quarterly economist survey

(2 July 2018, AFR, p1, by: Vesna Poljak, Sarah Turner)

‘Market economists have sharply pushed out the expected timing of the next Reserve Bank interest rate rise, amid warnings that Australia’s central bank is running out of “policy space” to deal with the next economic downturn. A slightly dovish shift in governor Philip Lowe’s latest commentary and spike in funding costs to a two-year high has caused market rate rise expectations to fall away sharply despite annual growth exceeding 3 per cent. The median economist surveyed by The Australian Financial Review now sees interest rates on hold through to…’

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

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