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Kent: Restrictive Financial Conditions in Australia
I thank the Australian Banking Association (ABA) for inviting me to this conference. On the occasion of the ABA’s 70th anniversary, it would be tempting to look back over the history of banking in Australia. Instead, I will focus on current financial conditions, which is of interest to those in the banking industry and indeed to Australians more generally. The tightening in monetary policy over the past two years is underpinning restrictive financial conditions in Australia. This is contributing to slower growth of aggregate demand, thereby helping to bring the level of demand into better balance with supply and ... (full story)
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RBA'S KENT: POLICY CONTRIBUTING TO SLOWER GROWTH OF DEMAND, LOWER INFLATION
— Capital Hungry (@Capital_Hungry) June 25, 2024
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RBA Assistant Gov Kent: Range Of Measures Shows Monetary Policy Is Restrictive
— LiveSquawk (@LiveSquawk) June 25, 2024
- Recent Data Reinforced Need To Be Vigilant To Upside Inflation Risks
- Hence, Not Ruling Anything In Or Out For Interest Rates
- Cash Rate Is Above Our Range Of Estimates Of The Nominal Neutral Rate
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RBA: NEUTRAL RATE AROUND 3.5% IN SPEECH ILLUSTRATION
— FinancialJuice (@financialjuice) June 25, 2024