From Maquarie Bank:
Cheers
Wayne>deleted<
I just read Maquaries little blurb at the bottom of their email…..must not be copied rah rah rah… in view of the current paranoia I have deleted the copy and paste.
The gist of their analysis, based on RBA statements released today, is that the outlook for interest rates is possibley aggresively upwards.
Cheers
Wayneoff the news wires
RBA looks set to hike rates again in December – economists
RBA Economists (SYDNEY)
Economists say the Reserve Bank of Australia looks set to hike
interest rates further in the coming months.
The RBA says in its November Statement on Monetary Policy there
was little to be gained in delaying a rise in interest rates, given
the stronger growth prospects here and abroad.
The nation’s central bank last week lifted rates by a quarter of
one percentage point to five per cent.
It says it will continue to assess the changing balance of risks
to the economic outlook and adjust policy as needed for sustained
and balanced growth, and to achieve the inflation target.
UBS senior economist SCOTT HASLEM says the bank’s statement
seems consistent with a further cash rate hike in December and the
first quarter of next year, to a peak of 5.5 per cent.
SG Australia economist GLEN MAGUIRE says the RBA appears to be
trying to make credit less attractive due to its concern about the
high level of household debt.
AAP RTV jmt/rp
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