RBA's Kent: Next Australian rate move likely to be up, but not any time soon

Author: Eamonn Sheridan | Category: Central Banks

Reserve Bank of Australia Christopher Kent, Assistant Governor (Financial Markets)

  • progress is being made on lowering unemployment and rising inflation, but itse gradual 
  • have begun to see wage growth in Australia pick up  
  • (on Q3 GDP) its only one quarter, but its puzzling why consumption so weak
  • despite saying next rate move is likely to be up it does not rule out a cut if its needed 
  • central forecast for the global economy is still fairly positive 
  • risk that credit supply tightens unnecessarily 
  • it is a concern that banks seem to have tightened lending to small business

Kent is speaking now at a Bloomberg event  

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