Westpac Economic Update: 24 October 2014

Westpac Senior Economist Elliot Clarke comments on this week’s RBA minutes on the stability in interest rates, as well as the lack of mention of investor activity in the housing market pointing to likely changes to regulation. Also the seasonality material impact on the CPI with the underlying measures of the carbon tax repeal and acceleration in housing inflation. Next week’s data includes trade prices and private credit. Overseas sees the FOMC coming to the end of the tapering process as well as Q3 GDP for the US.

You can find more weekly economic updates from Bill Evans and his team on the Westpac website. Their forecasts are available every Friday at lunchtime, Sydney time.