Australia & New Zealand Economics

Australia & New Zealand Economic Outlook

30 October, 2017

Challenging the tightening trend

Australia and New Zealand will probably stand out from the crowd next year as interest rates stay at their respective record lows of 1.50% and 1.75% while rates are raised in some other advanced economies. This divergence may contribute to the Australian dollar weakening from US$0.77 to around US$0.70 next year and the New Zealand dollar staying close to U$0.68. GDP growth and inflation in both economies just won’t be strong to warrant higher interest rates. And the high and rising levels of household

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