Slower global growth and lower-for-longer interest rates have eased pressure on the Reserve Bank’s monetary policy committee, writes Asha Speckman
Slower global growth and lower-for-longer interest rates have eased pressure on the Reserve Bank’s monetary policy committeeBorrowing costs will take centre stage in a busy data week, and the Reserve Bank’s decision on interest rates and a potential Moody’s credit ratings action could both hold surprises.
Ashbourne said, however, that electricity tariff hikes and higher petrol prices from April are a risk to the inflation outlook, although headline price pressures will remain weak by recent standards. Some economists forecast Moody’s will downgrade only the outlook from stable to negative and retain the rating on investment grade — for now. Moody’s has an 18-month window period in which to change the rating.
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