Australians can sustain higher interest rates – Goldman Sachs Australia RBA CentralBanks InterestRate Banks
Ahead of the Reserve Bank of Australia policy decision, Goldman Sachs’ Australia and New Zealand Chief Economist Andrew Boak said in a Bloomberg TV interview, Australian households can withstand materially higher interest rates this year amid shrinking net debt.“It’s a very unusual situation, where at the moment financial buffers are very, very large and unprecedentedly large.”
“See the RBA delivering a 50 basis point increase today and forecasts the central bank’s terminal rate at 3.1%.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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