Скачать или смотреть Monetary policy ‘works with a lag’: Rate hikes are yet to ‘fully’ work through economy

Monetary policy ‘works with a lag’: Rate hikes are yet to ‘fully’ work through economy

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Описание к видео Monetary policy ‘works with a lag’: Rate hikes are yet to ‘fully’ work through economy

Monetary policy “works with a lag” so the RBA’s 11 rate hikes still haven't worked their way through the Australian economy, says RBC Capital Markets Chief Economist Su-Lin Ong.

“In fact for variable rate mortgage holders they’re still only paying up to probably the interest rate hikes of three months ago,” she told Sky News Business Editor Ross Greenwood.

“So we know policy has got more work to do – we know that activity is starting to moderate, particularly the consumer and housing more broadly.

“That will ultimately lead to some weakening in the labour market and a lift in the unemployment rate.”

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