Jeffrey Sheen

Despite a good outcome in the first quarter 2018 national accounts with exports and non-mining investment performing well, there is a growing risk that the global economy, and in turn the Australian economy, will peak soon in its current cycle. This is partly because of the escalating global trade war which will have a significant effect on Australia’s major trading partners. Further credit markets are likely to continue to tighten even though macro-prudential imperatives may suggest the reverse. For these reasons, my recommendations for future domestic monetary policy have eased.

Outcome date: 
Monday 02 July 2018
Current rate: 
12 months: 
6 months: 

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