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1.Market Observations, 8.Was Sticky

3 Oct 2018 (TheAge) – Reserve Bank keeps interest rates on hold at 1.5%

(3 October 2018, The Age, p11, by Eryk Bagshaw)

‘Household debt levels, sluggish wage growth and cooling house prices have pushed the likelihood of a rate hike out until at least mid-next year as the Reserve Bank kept official interest rates on hold at the record low of 1.5 per cent. The cash-rate stasis from the central bank has left Australia behind the rest of the world as the United States, Europe and Asia start to normalise their rates from their historic floor in the wake of the global financial crisis. Banks are also moving independently of the RBA, with the Commonwealth Bank, ANZ and Westpac recently increasing rates by up to half a normal rate increase of 0.25 percentage points, due to higher international borrowing costs.’

Read more at TheAge.com.au

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