What the RBA Govenor had to say about the Economy

Yesterday RBA Govenor Glenn Stevens adressed parliament on the state of our economic health.

The bottom line is that interst rates are unlikley to move for the rest of the year. In fact yesreday NAB Bank said rates would be in hold till the middle of next year.

The speech makes intersting reading. If you have time you can read it here

For those short of time, here’s his last paragraph:

In summary, there is a heightened degree of uncertainty at present. There are major challenges in the global economy and significant forces at work in the Australian economy. But at this point in time, our terms of trade are at a record high, while our unemployment rate remains low. Inflation bears careful watching, but we can keep it under control. Our banks are strong, our currency is sound and our sovereign credit position is in the international top tier. Consumer ‘caution’, while making life hard for the retail sector, is also building resilience in household balance sheets. If we are entering another period of weaker international conditions, this is a pretty good starting point from which to do so.


Subscribe & don’t miss a single episode of Michael Yardney’s podcast

Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.

Need help listening to Michael Yardney’s podcast from your phone or tablet?

We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.


Prefer to subscribe via email?

Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.

Michael Yardney


Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au

'What the RBA Govenor had to say about the Economy' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.


Michael's Daily Insights

Join Michael Yardney's inner circle of daily subscribers.

NOTE: this daily service is a different subscription to our weekly newsletter so...