Beyond Bulls & Bears

Australia: Too Much Reserve on Interest Rates?

Australia: Too Much Reserve on Interest Rates?

In our view, the Reserve Bank of Australia would prefer not to lower interest rates from the 2% level unless conditions deteriorate and warrant further stimulus.

The Commonwealth & Commodities: Australia, Canada and New Zealand

The Commonwealth & Commodities: Australia, Canada and New Zealand

In much the same way that elevated terms of trade benefitted past growth, the recent drop in commodity prices has acted as a strong headwind to future growth.