Sluggish consumer spending, stagnant wage growth and a rising unemployment rate all indicate the Reserve Bank will increase the cash rate when its board meets next Tuesday, according to Westpac Senior Currency Strategist Sean Callow.
The RBA is widely expected to cut rates to a paltry 0.75 per cent in order to stimulate the economy. Mr Callow told Sky News RBA Governor Philip Lowe will likely indicate the bank will cut rates when he delivers a speech to the business community in the NSW town of Armidale.
RBAInfo Westpac seandcallow
RBAInfo Westpac seandcallow Wow it appears that things are going gang busters under the fossil fuel economy.
RBAInfo Westpac seandcallow just get out of the ridiculous Paris agreement
RBAInfo Westpac seandcallow You mean decrease right? I wish they would increase interest rates.
RBAInfo Westpac seandcallow Increase?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
At least 20 dead in violent riots in Papua | Sky News AustraliaIndonesian officials say at least 20 have been killed and dozens injured after hundreds of people took to the streets to torch houses and government buildings in Papua. The joys of Multiculturalism..
Source: SkyNewsAust - 🏆 7. / 78 Read more »
China has a 'two-track economy' | Sky News AustraliaThe Prime Minister has argued that China is no longer a developing nation, but the Australian Strategic Policy Institute’s Michael Shoebridge says the Asian powerhouse now has a “two-track economy”.\n\n“It’s like that Dickens book ‘A Tale of Two Cities’,” Mr Shoebridge told Sky News host David Speers. \n\nWhile regional communities in China remain incredibly poor, “there’s a highly-developed Chinese economy with high technology and hundreds of millions of people living at middle class standards, comparable to Australia.”\n\n“From an international trade point of view, the part of the Chinese economy that matters is the developed part of that economy.”\n\nAlthough China may seem to have come into its own in recent years, Mr Shoebridge reminded viewers that China hasn’t “done this on its own” - and should still be a nation to watch.\n\n“It’s been lifted by its engagement with other world economies – Australia, the US, the EU,” he said. \n\n“As a communist authoritarian state, it has chosen to use its newfound wealth very strangely, and that is to grow the military, economy, political, cyber, and intelligence power and to use those assertively against its own people and other countries.” \n\nImage: Getty\n You can’t be almost the biggest economy in the world and be “developing “ 🤣 so let me get this straight.. Morrison is pro Chinese when he's on Australian soil but anti Chinese on U.S. soil OK
Source: SkyNewsAust - 🏆 7. / 78 Read more »
David Attenborough attacks Scott Morrison’s climate track record | Sky News AustraliaBroadcaster Sir David Attenborough has delivered a scathing critique of Prime Minister Scott Morrison’s record on climate change.\n\nIn an interview with the ABC, the renowned natural historian criticised the PM for supporting new coal mines and for not ‘giving a damn’ about what burning coal “does to the rest of the world”.\n ScottMorrisonMP I used to respect DA but he has fallen so far from credibility of late that is long gone. Remember he was talking about making Air travel only accessible by the rich to lower emissions. 🖕 ScottMorrisonMP if he wants to blame anyone, don't blame Morrison, blame all of us who voted for him, Go to Hell you old C***! ScottMorrisonMP As the rich entitled lefties burn up the fossil fuel globe trotting the world dictatating to the rest of us how to live
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Folau to make shock rugby league comeback | Sky News AustraliaExiled rugby union player Israel Folau could make a shock rugby league comeback playing for Tonga in the Oceania cup. \n\nThe 30-year-old - who is in the middle of a legal battle with rugby Australia - claims he has been given approval by the rugby league international federation to play for Tonga, against Australia in the end of season test. \n\nHis claims were shut down by rugby league international federation member and Australian rugby league chair man peter Beattie who said 'the RLIF has made no decision in relation to any registration request for Israel Folau'. \n\nThe ex-wallaby is fighting to have his four million dollar rugby contract re-instated and is due to return to court in December if no result is found through mediation. \n\nImage: News Corp Australia Fantastic, go Folau, the ar can hang with such hate speech against free expression of beliefs, keep your dongly rich qantas headache Who cares
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Govt commits $115 million for Brisbane road upgrades | Sky News AustraliaThe Federal Government has announced a $115 million project to fix nine of Brisbane’s most dangerous roads. How many serious crash conflict points will the projects remove? What, they'll create more? How then is this fixing the roads? Almost as important as space exploration...almost. Not anywhere near Turnbollocks’ donation to his barrier reed chums.... No that hard. Send all the illegal foreigners back home & your congestion & fatalities will go down...
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Alarming sugar consumption among Australian teens | Sky News AustraliaNew research has revealed the alarming amount of sugar Australian teenagers are consuming each year from sugary drinks alone.\n\nA Cancer Council study of more than 9,000 people found one in six teens were drinking more than five kilos of sugar. \n\nThe survey also showed children living in lower socioeconomic areas were more likely to consume sugary drinks. If rat poison is not permitted in food Why not sugar. Added sugar or sweetness should be banned. When saturated fats were identified as a danger and targeted by govt, food manufacturers switched to sugar to make processed food appealing. That’s when obesity rates jumped. Have you taken the time to read the ingredients in processed food? Additives, sugar, preservatives, colours, artificial chemicals . Buy fresh food , make it yourself, taste the difference. Make extra and freeze it .
Source: SkyNewsAust - 🏆 7. / 78 Read more »