Internet Banking

Farming publications

Weekly Economic Commentary

Weekly Economic Commentary

Categories: General, General

Perhaps it is just the Northern Hemisphere summer and the fact that the Olympics have been serving as a bit of a distraction, but financial markets do feel a little quiet at the moment, trading in light volumes and narrow ranges.

This week also looks to be a quiet one (for economic data releases) although it is the busiest week for company reporting, so our share market may get a bit of volatility.

That said, last week’s almost record low wages growth and fall in the unemployment rate don’t rule out a further rate cut, or cuts, by the RBA given there is no sign of wage rises picking up in the near term and a wide range of factors are maintaining downward pressure on inflation and interest rates.

The market continues to expect a further rate cut from the RBA, most likely before the year end.

Source: Rural Bank

 

Disclaimer: Whilst all care has been taken in compiling the information, the information should not be relied upon as substitute for professional advice where necessary. Rural Bank Limited accepts no responsibility for the accuracy, completeness or timeliness of the information and disclaims all liability in relation to any loss or damage suffered by the use of or reliance upon any information contained herein or in any attachment or annexure hereto by any person. Rural Bank Limited ABN 74 083 938 416 AFSL 238042.