Reserve Bank governor Philip Lowe has warned the world is moving to a 'crossover point' in which record low rates of borrowing might become "too much of a good thing", increasing concerns over asset price bubbles.
Following the central bank's decision to keep rates on hold at a record low 0.75 per cent and another upbeat assessment of the economy by the RBA governor, financial markets pushed out expectations for the next fully priced rate cut to as far away as September.
Loading...
Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
