Interest rates left unchanged The Reserve Bank has made a strategic decision and is conserving its ammunition
Craig James
CommSec
Interest rates left unchanged The Reserve Bank has made a strategic decision and is conserving its ammunition. Rates may be cut again if the economy needs a bit more help. But there is no urgency, no panic. The statement is short, sharp and to the point. And that's why the decision can be applauded. Consumers won't be spooked by successive rate cuts. But rates are still low, and can fall further. So the decision is positive for confidence and hopefully causes more consumers and businesses to spend, invest and employ. CommSec continues to factor in one more rate cut with timing still an open question.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
I am married with three children (all in their 20s) and currently live in Huntleys Cove in the inner west of Sydney. Chief interest is athletics and trying to keeping up with the children.My current role is Chief Economist, Commonwealth Securities, interpreting big picture economic and financial trends for customers, clients and staff. Previously I was Chief Economist at Colonial and have worked at the Australian Financial Review as a senior writer.As well as providing presentations to staff and clients and commentaries on financial and economic trends, I appear regularly in the electronic and print media.I have worked in banking, finance and journalism for 38 years.I hold both Bachelor and Master degrees in Commerce (Economics). Both degrees were undertaken at University of NSW. I am an Adjunct Professor at Curtin Business School in Perth.
Craig James
Chief Economist
CommSec
I am married with three children (all in their 20s) and currently live in Huntleys Cove in the inner west of Sydney. Chief interest is athletics and trying to keeping up with the children.My current role is Chief Economist, Commonwealth...
Expertise
No areas of expertise
Craig James
Chief Economist
CommSec
I am married with three children (all in their 20s) and currently live in Huntleys Cove in the inner west of Sydney. Chief interest is athletics and trying to keeping up with the children.My current role is Chief Economist, Commonwealth...
Expertise
No areas of expertise
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
Bizarre: The $11m microcap sitting on a $21m cash pile
Livewire Markets
Fixed Income
Why every fixed income portfolio needs a FI-RV allocation
Antarctica Asset Management