A further slowing in growth
The RBA has cut the cash rate to 1%, arguing that lower rates are an effort to reduce unemployment and not a response to a deteriorating outlook.
For the full picture, download the report – Australian Markets Weekly 9 July 2019.
The week ahead – NAB business survey and an update from regulators; Fed testimony
The June NAB Business Survey is released on Tuesday and will show if the post-election bounce in business confidence has translated into improved business conditions. The Council of Financial Regulators, which is chaired by Governor Lowe, is publishing a quarterly update on regulation and the housing market on Wednesday. Internationally, Fed Chair Powell delivers his semi-annual testimony to the House on Wednesday and the Senate on Thursday and the FOMC minutes are out on Wednesday.
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