The Reserve Bank a reluctant cutter while markets chop.
Pendal Group
My view is that the Reserve Bank will be a very reluctant cutter from now on. There are three things it will be watching closely. First, the overall pace of economic growth. If this continues at a mediocre pace, that will increase the likelihood of a further cut. Second, and highly correlated, is the unemployment rate. Until it is clear this has peaked there is always the chance of a further cut. Once it has clearly peaked, rates will be on the rise again, but that is almost certainly a 2016 story. Third is the behaviour of investors in the residential property market. (VIEW LINK)
At Pendal Group, our vision is to combine the benefits of our strong institutional foundation and performance-focused culture with a multi-boutique specialist investment approach. We believe this approach firmly positions Pendal to achieve...
At Pendal Group, our vision is to combine the benefits of our strong institutional foundation and performance-focused culture with a multi-boutique specialist investment approach. We believe this approach firmly positions Pendal to achieve...