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Pulling rate trigger could lead to disaster

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Australian Broker | 08 Oct 2014, 06:21 AM Agree 0
​One industry pundit has said that the economy needs “significant improvement” before the Reserve Bank decides to raise the cash rate
  • MCC | 08 Oct 2014, 10:22 AM Agree 0
    Fair call from Kolenda & Caelli. Remember the resi property market will account for less than say 10% of total Oz GDP & playing around increasing the cash rate with other parts of the economy exhibiting 'fragility' is not a great idea! The economists are probably hanging their hat on the back of QE being wound back in the USA which will place downward pressure on Oz dollar & possible upward pressure on rates as other parts of Oz economy become more competitive. However for me, it still comes down to 'underemployment'
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