Interesting headline in this article: RBA signals rates will remain at 3pc as cuts take effect:
NEAR record-low interest rates in Australia are starting to have an impact across the economy, lifting house prices, consumer confidence and boosting retail spending, a top central bank official said, signalling that policy makers may keep rates on hold for some time.
I think that is reading a lot into the speech. I didn’t think an end to the easing cycle was necessarily signalled by Lowe.
