Invest in alarm clocks
-
Reserve Bank governor Glenn Stevens expects a US rate rise by Christmas
Reserve Bank governor Glenn Stevens is expecting an increase in the US interest rates "by Christmas". Addressing the Australian parliament's economics committee in Canberra, Mr Stevens said he "was not especially concerned" by the prospect. "A lot of people working in financial markets have never known anything but zero rates. But sooner or later it has to happen. " The US economy was well into recovery, he said. "They've got an extraordinarily accommodative monetary policy," Mr Stevens told the parliament. "It's nine years since they last raised the rate and they went down to the current setting in 2009, so ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Sep 17, 2015 11:30pm Sep 17, 2015 11:30pm
- Tony112
- Joined Apr 2008 | Status: sometimes... news come unexpected | 2557 Comments
- Comment #2
- Quote
- Sep 17, 2015 11:32pm Sep 17, 2015 11:32pm
- JollyBean
- | Joined Jul 2009 | Status: Member | 382 Comments
- Comment #3
- Quote
- Sep 18, 2015 1:50am Sep 18, 2015 1:50am
- purdoy81
- | Joined Jun 2013 | Status: Member | 4 Comments
- Comment #4
- Quote
- Sep 18, 2015 2:32am Sep 18, 2015 2:32am
- gc44
- | Joined Apr 2015 | Status: Member | 517 Comments
- Comment #5
- Quote
- Sep 18, 2015 10:32am Sep 18, 2015 10:32am
- Goldflake
- Joined Apr 2012 | Status: Member | 56 Comments
When Scalpers win, I lose and Vice varsa...