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 ...

More and more Thai merchants are integrating WeChat Pay and Alipay’s systems to cater to tourists.
The internet has changed the way most people live. Through...
Cambodia’s economic outlook remains positive, but is subject to downside risks.
The IMF Managing Director Christine Lagarde expressed optimism...
Qatar Calls to Investigate UAE Bank’s Bogus Deals
Qatar has asked US regulators to investigate the US subsidiary...
More India Bank Frauds Revealed
Over 25,800 fraud cases involving about Rs179 crore ($1.79...
Free trade achieves more good for the planet.
US President Donald Trump’s steel tariffs have brought the...
Morocco Currency Reform on Right Track
Few weeks after the launch of the gradual dirham float, the...
EU Readies Tax on US Technological Titans
The European Union will next week unveil plans for a digital...
Apparel imports from ASEAN are growing, spurred by low labor costs  in such countries as Vietnam.
Import prices for apparel and daily goods in Japan plunged...

Add new comment

Read our comment policy before posting your viewpoints