...Given the RBA’s willingness to raise and lower rates quickly – it is equally possible that rates could in fact decrease, later on in the year if monetary policy stimulus is required.
Given that the CPI was pushing toward the top of the band of the RBA’s target range, this too has heavily influenced the rate increases. CPI is another major indicator that the RBA considers in its interest rate decisions as you know. The RBA target CPI to be in the 2-3% band, long term CPI has been 3.2% (over 10 years)....
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