- RBA's Lowe says expect economic growth to pick up gradually, average around 3 pct or so over next few years
Market news
4 May 2017
RBA's Lowe says expect economic growth to pick up gradually, average around 3 pct or so over next few years
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Want to see continuation of positive employment trends
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Higher housing supply, transport infrastructure to help balance supply-demand
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Employment growth has been a bit stronger of late, forward looking indicators positive
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We should not expect interest rates always to be this low
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Over time we could expect interest rates to rise in Australia
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Recent increase in household debt to income has made economy less resilient to future shocks
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Concerned about impact of sharp house price correction on household spending, economy
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Higher the indebtedness the greater is the sensitivity of spending to shocks to income
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