Macquarie Bank interest rate report


Martin Lakos, Division Director, Macquarie Wealth Management
Tuesday 07 August 2018

RBA keeps rates on hold at 1.5%

07 Aug 2018

Key data released in the past few weeks continues to paint a mixed picture for our economy, keeping the RBA on the sidelines and maintaining official rates on hold at 1.5%.

A cooling of house prices, slowing construction approvals, and household activity limited by weak wages and high debt levels, is allowing the RBA plenty of time to consider an adjustment in monetary policy at a future date.

It’s Macquarie’s view that rates will now stay on hold until 2020.

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