Podcast Appearances
We're not necessarily looking at a world where interest rates are going to spike up, at least from that official cash rate perspective.
We could see mortgage rates go up because of those higher wholesale rates, but yeah, not necessarily created in the near term by Reserve Bank official cash rate increases.
So
Yeah, that was the general tone of the commentary.
I mean, the too-long-didn't-read sort of version is, you know, no need to panic.
They're acknowledging there could be upside risks to the cash rate, but not straight away.
So, yeah, that was kind of the main news here.
And I think it ties in nicely to the chat we can have about the global economic environment, what's going on in Australia and what's going on in particular in the Australian housing market potentially as a result of all of this.
So...
So I don't know.
I mean, does that sort of all sound pretty similar to what you're seeing in Australia?
Is it a little bit different?
I mean, what's your Reserve Bank environment?
I know you've already had one or two cash rate hikes.
So yeah, maybe just set out the Australian thing and some thoughts around the global economy from your experience and background.
the physical disruption is the thing that we really have to worry about yeah i know it's uh yeah it is it's really interesting isn't it that it sort of puts things into perspective doesn't it around you know shift to evs and and you know um solar energy and renewable and all of that and you know that's that's great all very good stuff but it does sort of reinforce that actually yep that that's great and we should aspire to that over time but right now
You know, I think it sort of illustrates that there's still a pretty strong reliance on oil, isn't there, and, you know, fossil fuels.
You know, that's awesome.
It's really interesting to hear the difference as well between just the sort of Reserve Bank approaches at the moment.
I know differing economies, differing starting points, but to see the differing responses as well at the moment with, you know, our Reserve Bank just holding back, saying, you know, yep, not necessarily going to rush and do any OCR increases, and, you know, you've already had a couple, so...