Oliver’s Insights: RBA on hold and likely to remain easy for a long while yet as full employment gets more of a look in
Oliver’s Insights: RBA on hold and likely to remain easy for a long while yet as full employment gets more of a look in
Dr Shane Oliver, Head of Investment Strategy and Chief Economist takes a look at the outlook for official interest rates in Australia following the RBA’s latest monthly board meeting.
The key points are as follows:
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The RBA left the cash rate at 0.1% at its April meeting.
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While the economy is recovering faster than expected the conditions for a rate hike – actual inflation sustainably in the 2-3% target zone and wages growth well above 3% – are unlikely to be met for several years.
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The RBA will likely start to slow its quantitative easing measures through this year though.
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