Paul Dales - Capital Economics


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A lot of the rise in consumption was because households further reduced their saving rate to a 10-year low. They can't do that indefinitely, so we suspect that slow income growth will soon result in more modest consumption growth. As such, we believe signs of a more sustained slowing in GDP growth are
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Jun 07 2017
Paul Dales has been quoted 9 times. The two most recent articles where Paul Dales has been quoted are Reserve Bank of Australia holds cash rate at record low 1.5% as expected and Australia's retail slugout adds to worry over weak inflation. Most recently, Paul Dales was quoted as having said, “The chances of a further rate cut at some point this year have risen and the chances of interest rates rising at all this year or next have fallen. Our central view is that rates will remain at 1.5 percent both this year and next, but the risks lie to the downside.”.
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