Westpac's comments on the Reserve Bank of Australia

16 Aug 2017 12:05 PM

The following are the most important comments from the Westpac chief economist:

  • The RBA will keep interest rates unchanged at its next meeting in September.
  • The most interesting question is whether the RBA will raise interest rates next years as markets expect and have been referred to in the Westpac-Melbourne consumer confidence survey.
  • A rise in business confidence and improving labor market conditions, along with the optimistic growth expectations of the RBA, support the rise in the rates.
  • Interestingly, in the latest RBA meeting minutes that released yesterday, it appeared less confident in achieving the inflation target. We expect interest rates to remain unchanged through 2018.

Prices may be delayed by 5 seconds. Prices above are subject to our website terms and conditions. Prices are indicative only