Australian interest rates

Deloitte: RBA sitting on housing “powder keg”

David Llewellyn-Smith
Monday 17 July 2017
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Via AFR:

Interest rates won’t rise until 2018 and even then increases will be slow and moderate because the Reserve Bank of Australia fears igniting the housing “powder keg”, Deloitte Access Economics says.

The firm’s latest business outlook acknowledges global momentum to lift rates but insists it will be some time yet before the RBA is comfortable enough to act here.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.