What will be the next move from the RBA?
After a 12 month pause the RBA moved decisively in 2016 to lower Australia's official cash rate from 2% with cuts in May and August taking it to the current record low level of 1.5%. It has been a balancing act with a stubbornly strong dollar and a booming property market creating a tricky puzzle for Australia's central bankers. 2016 also saw a changing of the guard at the RBA with Glenn Stevens stepping down and Philip Lowe taking the reigns - but yet to make his mark when it comes to policy. In this short video we've pulled together the views from a range of highly regarded fund managers, strategists, economists and journalists. As you would expect there is a divergence in opinion and that's what makes a market. Dive in for part one of Livewire's 2017 Outlook Series.
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