Macquarie Bank interest rate report

Martin Lakos, Division Director, Macquarie Wealth Management
Tuesday 04 December 2018

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

04 Dec 2018

The RBA surprised the market and most economists, not by raising official interest rates, but by raising their 2019 economic growth forecast.

Earlier in November, the RBA raised their forecast for Australia’s economic growth outlook to 3 ½% for 2019, well above broad consensus.

Despite citing improving unemployment at 5%, inflation at 1.9% and easing house prices, the RBA has kept rates on hold at 1.5% at its last meeting for 2018, a level that will support sustainable growth.

Looking to 2019, we see more of the same and despite some challenges, it’s our view that overall momentum will continue.

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