RBA's Kent says recent data reinforce need to be vigilant to upside inflation risks

Reserve Bank of Australia Assistant Gov Kent: Range of measures shows monetary policy is restrictive.RBA's Kent: Policy contributing to slower growth of demand, lower inflation.RBA's Kent: Recent data reinforced need to be vigilant to upside inflation risks.RBA's Kent: Hence, not ruling anything in or out for interest rates.RBA's Kent: Cash rate is above our range of estimates of the nominal neutral rate.RBA's Kent: Financial conditions are particularly restrictive for households.RBA's Kent: Conditions restrictive for smaller businesses, less so for larger.RBA's Kent: Mortgage payments at record 10% of household disposable income.RBA's Kent: Higher rates provide incentive for all households to save more and borrow less. This article was written by Arno V Venter at www.forexlive.com.

Jun 26, 2024 - 05:55
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RBA's Kent says recent data reinforce need to be vigilant to upside inflation risks
  • Reserve Bank of Australia Assistant Gov Kent: Range of measures shows monetary policy is restrictive.
  • RBA's Kent: Policy contributing to slower growth of demand, lower inflation.
  • RBA's Kent: Recent data reinforced need to be vigilant to upside inflation risks.
  • RBA's Kent: Hence, not ruling anything in or out for interest rates.
  • RBA's Kent: Cash rate is above our range of estimates of the nominal neutral rate.
  • RBA's Kent: Financial conditions are particularly restrictive for households.
  • RBA's Kent: Conditions restrictive for smaller businesses, less so for larger.
  • RBA's Kent: Mortgage payments at record 10% of household disposable income.
  • RBA's Kent: Higher rates provide incentive for all households to save more and borrow less.
This article was written by Arno V Venter at www.forexlive.com.
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