Ex-RBA Chief Says Inflation Data ‘Has Spoken,’ Rates on Hold

Ex-RBA Chief Says Inflation Data ‘Has Spoken,’ Rates on Hold

Former Australia central bank Governor Philip Lowe said that inflation data this week “has spoken” and policymakers are likely to keep the cash rate unchanged for a period to assess the economy.

Why it’s time to start thinking about locking in low rates

It’s time to start thinking about locking in fixed rates. A potential Reserve Bank of Australia interest rate cut on Melbourne Cup Day could mark the termination of the so-called cutting cycle. Most economists expect just one last cut in this cycle, and after that consensus forecasts vary widely. History suggests the banks won’t wait around for the RBA to change course. Instead they may quickly move fixed rates higher in the near future. Just no…