60296
Australia CB Chief Sees Rates Stable
Australia CB Chief Sees Rates Stable

Australia CB Chief Sees Rates Stable

Australia CB Chief Sees Rates Stable

Australian Central Bank Governor Philip Lowe said he expects “a period of stability” in interest rates and suggested further cuts could push already high household debt to “dangerous” levels, Bloomberg reported. “The issue we’re discussing, internally, is how much extra fragility would that mean in the economy with household debt already at a record high,” Lowe said in testimony to a parliamentary panel Friday in Sydney. “Is it really in the national interest to get a little bit more employment growth in the short run at the expense of creating vulnerabilities which would become quite dangerous in the medium term?” Lowe has kept rates unchanged at a record-low 1.5% since taking the helm in September, resisting calls for further easing in response to weak inflation. He’s concerned further cuts will send already stratospheric Sydney house prices even higher and encourage riskier lending and borrowing to finance purchases and threaten financial stability.

 

Short URL : https://goo.gl/mGzX1J
  1. https://goo.gl/r8gQDV
  • https://goo.gl/NQ5s9X
  • https://goo.gl/fmB8yb
  • https://goo.gl/oFEiHy
  • https://goo.gl/EDTVxy

You can also read ...

According to the new regulations, Cubans will be able to hold only one business license.
The Cuban government has said it wants more foreign investment...
The lira has lost around 45% of its value against the US currency this year, largely over worries about Erdogan’s influence over the economy
Turkey’s central bank on Monday announced it was ready to take...
World Stocks, Currencies Plummet
World markets shuddered on Monday, as Turkey’s worsening...
Trump’s No-Win Trade War
President Donald Trump’s trade war may be fated to fail, for...
Amado Boudou (R) attends his trial on corruption charges  in Buenos Aires on August 7.
Records kept in notebooks of the kinds used by schoolchildren...
China Printing Foreign Money
China is printing more foreign money as it seeks to expand its...
(P)GCC Banks  Face Business Risks
A number of (Persian) Gulf Cooperation Council banks that have...
Singapore Warns Trade Tensions May Lower H2 Growth
Singapore authorities warned of slower economic growth in the...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus