From Bloxo today:
On hold at 2.50%, as demand is lifting
- Timely indicators show that domestic demand is rising, as growth rebalances away from the resources sector: this is needed, given the expected fall in mining investment in 2014-15
- Inflation has also passed its trough and the AUD is at a more comfortable level for the RBA
- We continue to expect that the RBA’s easing phase is done and that rates may need to be lifted before the end of the year
Full feel good report below.
2014.02.28 The RBA Observer – On hold at 2.50% as demand is lifting PUBLIC (1).pdf by George Scott
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