By: ssec

In reply to ssec.

but the broad money y/y pretty perfectly match the economic conditions in Australia of recent years including inflation , interest rates , UE and house prices. I bet if broad money does not pick up , housing conditions will flatten out very soon and more cuts will be coming. Let’s not forget this housing boom is coming after recent falls so actually prices have gone nowhere in the last 3 years, and some cities still haven’t recovered. I will follow the financial aggregates and bet that the RBA will start taliking abut rate increases as soon as broad money q/q goes to 2% or higher.