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Weekly Economic Commentary

Weekly Economic Commentary

Categories: General, General

Uncertainty around the Trump administration hit financial markets late last week as the ‘flight to safety’ to both safe-haven assets and currencies continued and equity markets fell sharply. Expectations of a June US rate increase have also receded, leading to a drop in yields over the last week.

Locally, despite another stellar employment number and the unemployment rate falling to 5.7%, the RBA is expected to leave the cash rate at 1.50% for 2017 and into 2018 as it balances a soft labour market and low inflation against a “too strong” housing market.

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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 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 – A Division of Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL 237879