Why the RBA may not raise rates any time soon
The Age |
23 March 2018
There's fresh reason to think that the Reserve Bank of Australia, as Treasurer Scott Morrison anticipates, may not be raising interest rates anytime soon.
Short-term borrowing costs in Australia's financial system have been surging, and will tighten financial conditions if it lasts, even without action by the central bank's policy makers.
The jump in a key benchmark, the three-month bank-bill swap rate, has been something of a head scratcher, though most explanations centre around the impact of overseas dynamics