No signs of the RBA joining a shift toward a hawkish
No surprise at all that it the cash rate target is left unchanged, the question is how upbeat the Statement from Governor Lowe is.
Headlines via Reuters:
House prices rising briskly in some markets
Indicators of labour demand remain mixed
Employment growth has been stronger over recent months
Some signs housing market starting to cool
Housing debt has outpaced slow growth in incomes
Supervisory measures should help address debt risks
Various forward-looking indicators point to employment growth going forward
Rising a$ would complicate economic adjustment
Economic outlook supported by low rates
Wage growth remains low, likely to continue for a while yet
Inflation expected to increase gradually as the economy strengthens
www.rba.gov.au/media...s/2017/mr-17-13.html
Headlines via Reuters:
House prices rising briskly in some markets
Indicators of labour demand remain mixed
Employment growth has been stronger over recent months
Some signs housing market starting to cool
Housing debt has outpaced slow growth in incomes
Supervisory measures should help address debt risks
Various forward-looking indicators point to employment growth going forward
Rising a$ would complicate economic adjustment
Economic outlook supported by low rates
Wage growth remains low, likely to continue for a while yet
Inflation expected to increase gradually as the economy strengthens
www.rba.gov.au/media...s/2017/mr-17-13.html
Comment:
back test !!!
