Macquarie Bank interest rate report

Martin Lakos, Division Director, Macquarie Wealth Management
Tuesday 05 February 2019

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

05 Feb 2019

At its first meeting of 2019, the Reserve Bank Board kept official interest rates on hold at 1.5%, despite some commentators speculating that the RBA will cut interest rates this year.

The backdrop remains one of a mixed economic picture for Australia, but jobs growth is strong, and unemployment is likely to gradually decline towards 4.5% over the next few years. The recent inflation release of 1.8% remains slightly below the RBA’s preferred range of 2-3%, but not low enough to warrant an interest rate cut.

It’s Macquarie’s view that Australian interest rates will remain on hold at 1.5% throughout 2019 and into 2020.

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.

Unless stated otherwise, this information has been prepared by Macquarie Bank Limited ABN 46 008 583 542 AFSL and Australian Credit Licence 237502 and does not take into account your objectives, financial situation or needs. You should consider whether it is appropriate for you. All applications are subject to Macquarie's standard credit approval criteria.