Macquarie Bank interest rate report

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

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

06 Nov 2018

Economic data released over the past month indicates an improving economy, however there is enough contrasting information to keep the RBA on the sidelines and maintain the official interest rate on hold at 1.5%.

The unemployment rate surprised this past month coming in at 5%, down 0.25% on September. An improving labour market is reflective of increasing business investment, and as the labour market tightens and the demand for skilled jobs rises.

However while wages growth and inflation is subdued in Australia, it is Macquarie’s view that interest rates will remain on hold until 2020.

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