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本帖最后由 victorvic 于 2019-9-25 09:35 编辑
原文：ARF (Australian Financial Review)
Sep 24, 2019 — 10.18pm
https://www.afr.com/policy/economy/rba-s-lowe-says-monetary-policy-less-effective-20190923-p52u4p
澳洲财政首席长官，RBA主席 Lowe先生昨天说到：“我不认为澳大利亚房地产现在面临着危险。 一次又一次的降息，让很多之前的投资者开始出售他们的房产，付清他们的贷款。澳大利亚每年的人口因着移民与难民数，一直在增加。 目前，新开发项目的审批量一直在缩减，再过5年，我们将面临着住房供不应求的局面。我们10月份会有更宽松的措施，我希望房价继续上涨，我不认为这有什么风险。“
Reserve Bank of Australia governor Philip Lowe says monetary policy has become less effective but he still expects house prices to rise further as people use interest rate cuts to "run to the bank" and reduce debt instead of running to the shops to spend.
In responding to questions after a speech at the Armidale Business Chamber in regional NSW, Dr Lowe dismissed talk of a global bond bubble, and said he didn't feel any pressure from financial markets or politicians on cutting rates.
Before his speech, financial markets were pricing in an 76 per cent chance of a 0.25 percentage point rate cut to 0.75 per cent on October 1.
All of the big four banks are expecting the rate cut. Following the speech the chance of a rate cut slipped back to 70 per cent.
Dr Lowe said "monetary policy has become less effective at the margin" and that people were changing the way they used interest rate cuts.
"Once upon a time, when we lowered interest rates, people would run off to the bank to borrow to kind of go on a holiday or buy furniture or kind of do some spending, they don't do that anymore."
"When we lower interest rates, they are more likely go to the bank and say, 'Look, I want to pay off my mortgage,' " Dr Lowe said.
In his speech, Dr Lowe raised concerns that spending had stagnated, noting there had been "no growth at all in consumption per person, which is an unusual outcome at a time when employment is growing strongly".
However he said he did still expect house prices to grow and that such growth was not a concern for monetary policy. |
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午夜 - Woody Allen...Jane Austen... (2018-3-18) 肩上的蜻蜓 
发表于 2019-9-25 09:33
，就差告诉大家下周二肯定降息了
