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- 19/04/2017 2:33UK Prime Minister Theresa May calls a snap General Election for June 8th
- 31/03/2017 6:24New Video Update! Whiteboard Wednesday - 3 Simple Steps To Help Master Reading The Charts
- 31/03/2017 4:36US Final Q4 GDP grew by 2.1% vs 2% forecast
- 30/03/2017 3:33UK Prime Minister Theresa May Officially Triggers Article 50, and Brexit
- 24/03/2017 4:4New Video Update! Whiteboard Wednesday - 5 Golden Rules To Trading in Volatile Markets
- 22/03/2017 2:47UK CPI jumps to its highest level since October 2013 at 2.3% pushing GBPUSD to 1.2473
- 21/03/2017 7:5OPEC look to extend output cut plan into second half of the year. WTI hits a high of $48.72
- 21/03/2017 3:57UK Prime Minister Theresa May will trigger Article 50 on Wednesday 29 March
- 15/03/2017 8:23Gold Continues in Trend After Testing Upside
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News
Aussie Press: RBA finger on interest rate rise trigger as debt soars
The latest piece from ‘the Australian’ newspaper stated that yesterday’s RBA policy minutes underscored concerns over rising household debt, which cou | 16/08/2017 03:53
The latest piece from ‘the Australian’ newspaper stated that yesterday’s RBA policy minutes underscored concerns over rising household debt, which could prompt the central bank to hike interest rates sooner (than later).
Key Quotes:
RBA "has enshrined rising household debt as a major area of concern"
Fuelling expectations interest rates might rise sooner than expected if households keep borrowing at current rapid rates
"The changes do elevate the focus on financial stability in a way that raises the risk of policy action at some point," said ANZ analyst David Plank, suggesting the central bank might lift rates sooner than expected.
"If confidence around the achievement of the inflation and employment objectives lifts, then the issue of financial stability could be enough to push the bank into moving earlier"
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