The Australian Financial Review carrying some points made by UBS after yesterday’s cash rate decision from the Reserve Bank of Australia
Australia’s "neutral" cash rate, the level at which the economy can grow
at trend without stoking inflation, has dropped from 5 per cent to 3
per cent since the global financial crisis
UBS cites:
UBS says RBA rates will be ‘lower for longer’, ‘new neutral’ is 3% (not 5)
