I appeared on Channel News Asia again this morning at 6:20am SGT, via Skype. My questions and my responses in the form of brief notes are below: Q1. Today’s release of central bank policy meeting minutes, do you see prospect of a rate cut in November? It is certainly possible and talk continues in the […]
Live TV Appearance on Channel News Asia Read More »
Melbourne is set to surge ahead of Sydney and become Australia’s best performing housing market, with last week’s auction clearance rates in the NSW capital the lowest for the year, while action in the Victorian market held up. Only 66 per cent of Sydney homes put to auction last week attracted a buyer, according to
Australian Housing Markets Diverge Read More »
The probability of recession in Australia is low, but a period of contraction in the economy can’t be ruled out, the Reserve Bank of Australia says. Philip Lowe, deputy governor at the Reserve Bank of Australia, said despite the country’s record of 24 years without recession, predictions of unending expansion would be misplaced. “The probability
RBA’s Lowe: “Probability of Recession is Low” Read More »
The Reserve Bank has defied mounting global economic gloom, keeping interest rates on hold for the fifth month in a row and expressing confidence in APRA’s efforts to keep a lid on investment lending in the frothy Sydney and Melbourne housing markets. As the International Monetary Fund downgraded its economic growth forecasts yet again, including
Despite Mounting Global Economic Concerns, RBA Holds Again Read More »
