Australian financial markets are now pointing to a close to zero chance of further rate rises – with a fair chance of a rate cut next year. That’s thanks to the latest news from the US and UK.
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It’ll now be a frugal Christmas in many Australian homes. But there is a glimmer of good news: if we do tighten our belts, rates could start to come down by as early as the middle of next year.
While the US is still primarily focused on countering Chinese influence in the region, Australia is making a real impact with its Pacific Engagement Visa.
In a crowded region, it’s hard to know who is doing what, and where. Effective statecraft, though, is not always measured by quantity over quality.
The governor’s remarks about the board “not hesitating” to raise rates further aren’t as clear cut as they seem.
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Authors
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Emeritus Professor of Middle Eastern Studies, Australian National University; The University of Western Australia; Victoria University
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Clinical Psychologist and Associate Professor, School of Medicine and Psychology, Australian National University
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Visiting Fellow in Economics, Australian National University
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PhD student, Department of International Relations, Australian National University
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Emeritus Professor of History, School of History, ANU, Australian National University
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PhD Candidate, ANU School of Regulation and Global Governance (RegNet), Australian National University
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Deputy Director, Global Institute for Women's Leadership, Australian National University
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Professor of Criminology, Australian National University
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Professor of Criminology, Australian National University
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Professor in the School of Regulation and Global Governance, Australian National University
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DECRA/Research Fellow, Climate Science, Australian National University
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Research Fellow, Restorative Justice, Australian National University
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Researcher, Sign on Screen Project, Australian National University
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Lecturer in Anthropology, Australian National University
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Emeritus Professor of History, Australian National University