• RBA's Ellis says hunt for yield less of a risk now rates are starting to rise globally

Market news

20 September 2017

RBA's Ellis says hunt for yield less of a risk now rates are starting to rise globally

  • Geopolitical risk in Asia has increased, while lessening in the euro area

  • Household debt on its own unlikely to trigger such a shock

  • High household debt in Australia is a risk in the event of an economic shock

  • Policy globally will have to stay expansionary should inflation remain low

  • Still believes global wage growth and inflation will pick up, but may take some time

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