Australia & New Zealand Economics

Australia & New Zealand Economics Update

4 July, 2017

RBA’s fears about household indebtedness persist

The Reserve Bank of Australia (RBA) left interest rates on hold at 1.5% for the tenth consecutive meeting today and retained its fairly optimistic tone on the outlook for economic growth in the accompanying statement. Nonetheless, we expect rates will stay on hold throughout the rest of 2017 and 2018 as underlying inflation remains persistently weak.

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