Macquarie Bank interest rate report


Martin Lakos, Division Director, Macquarie Wealth Management
Tuesday 02 October 2018

Macquarie Bank October 2018 interest rate report – rates on hold at 1.5%

02 Oct 2018

Although the RBA has in now kept the official cash rate on hold at 1.5% for 26 months, the drivers of this monthly decision have varied more recently.

Notably Australia’s economic growth data for the 2nd Quarter was released earlier in September and positively surprised with growth at 3.4%, the fastest since 2012. The production growth measure was much stronger and the household consumption growth was a solid 3% over the year after some upward revisions.

It remains Macquarie’s view that the RBA is unlikely to alter its interest rate policy settings until 2020.

Share this

If you enjoyed reading this article, why not share it?

Simply copy and paste the text and include a link to the article. Please read the Expertise Articles Terms of Use before sharing.

Related articles


 

Subscribe to our monthly newsletter




We bring you technical updates, financial insights and industry expertise.

Thank you
There seems to be an error with your form

 *
 *
 *
The information you provide on this form will be retained by Macquarie and may, from time to time, be used to contact you about other products and services we feel would be of interest to you. If you do not wish to receive information of this nature or would like access to your personal information, please phone us on 1800 287 153. Please refer to our Privacy Policy for specific details.

Find out how we can help


If you'd like to speak to a specialist about how we can help build your business, get in touch.

Except for Macquarie Bank Limited ABN 46 008 583 542 AFSL and Australian Credit Licence 237502 (MBL), any Macquarie entity referred to on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth). That entity's obligations do not represent deposits or other liabilities of MBL. MBL does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.