Macquarie Bank interest rate report

Martin Lakos, Division Director, Macquarie Wealth Management
Tuesday 06 March 2018

RBA keeps rates on hold at 1.5%

06 Mar 2018

Interest rates have been kept on hold again at 1.5% by the Reserve Bank Board, following their monthly interest rate policy meeting.

While the global growth backdrop continues to improve, the conundrum for central banks around the world is that inflation is being kept low by soft wages growth and the impact of internet based retail sales that heavily discount the cost of goods.

Macquarie does not envisage a rate rise this year, unless inflation returns into the RBA’s preferred range of 2 to 3 per cent. 

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