What’s at stake: There are mixed signals in the Australian economy as interest rates bite but employment remains strong and property prices continue to rise. Leading economists agree rates are close to the top of the cycle.
Background: The Reserve Bank of Australia, which has engineered the slowdown with tighter policy, may be almost done with interest rate rises after hiking 13 times since last May.
Key players: RBA, Michele Bullock, Luci Ellis, Alan Oster.
Australia’s economy and the policy settings of the central bank have arrived at a unique balancing point.
As the Reserve Bank of Australia has acknowledged, its interest rate hikes – and there have been 13 of them since May last year – are bad news for some, and have been good news for
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What’s at stake: There are mixed signals in the Australian economy as interest rates bite but employment remains strong and property prices continue to rise. Leading economists agree rates are close to the top of the cycle.
Background: The Reserve Bank of Australia, which has engineered the slowdown with tighter policy, may be almost done with interest rate rises after hiking 13 times since last May.
Key players: RBA, Michele Bullock, Luci Ellis, Alan Oster.
