Australia & New Zealand Economics

Australia & New Zealand Chart Book

24 May, 2018

Royal Commission presents a risk to growth

While there is still a lot of uncertainty, it seems likely that the Royal Commission into misconduct in the financial sector will lead to a tightening in credit conditions in Australia. A notable tightening in credit standards would weigh heavily on the already slowing housing market and the economy more broadly. So while our central forecast is that the Reserve Bank of Australia will keep interest rates on hold at 1.5% until the second half of 2019, if there is an appreciable tightening in conditions

Access this publication and more, take our free trial subscription today.

Free Trial

Already a subscriber? Simply log in to view this article.

Save to Library

New Book

Making a Success of Brexit
and Reforming the EU

by Roger Bootle

"Outstanding - engaging - absorbing"
Daily Telegraph

Buy now on Amazon
We use cookies to ensure you get the best experience on our website. Read our Cookie Policy for more information.