The Reserve Bank of Australia should provide the first line of defence for the economy, should it be necessary, the International Monetary Fund (IMF) has claimed, and should take extra caution when it moves to lift the cash rate.
In a consultation paper on the Australian economy released yesterday, the IMF praised the government’s [...]
Optimism abounds!
Housing jumps again!
Consumer sentiment; Housing finance
· The consumer sentiment index has surged out of recession territory. The index rose by 12.7 per cent – the biggest monthly surge in 22 years. The index is now at 17 month highs.
· The number of new housing loans is at 14-month highs, lifting by 0.9 per [...]