According to analysts at ANZ, for the Australian economy, the impact of monetary policy on housing is clear, but its effect on consumption has been limited, so far. Key Quotes “The housing market recovery will lift retail. Rising housing prices and turnover tend to support non-food retail sales, and we are already seeing the first signs of that. But the lag between housing strength and a full recovery in retail can be long, and challenges, such as high debt and economic uncertainty, may soften the effect.” “Retail sales volumes fell in the year to September for the first time since 1991. Non-food sales, in particular household goods, have been struggling in the last couple of years, as housing prices fell.” “Improvements in the housing market are boosting non-food retail, which grew 0.5% q/q in September, the best result since mid-2018.” “Households however are using the recent tax and rate cuts to pay down debt, which may delay improvements in household spending.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: Strong inflation data – TDS FX Street 3 years According to analysts at ANZ, for the Australian economy, the impact of monetary policy on housing is clear, but its effect on consumption has been limited, so far. Key Quotes "The housing market recovery will lift retail. Rising housing prices and turnover tend to support non-food retail sales, and we are already seeing the first signs of that. But the lag between housing strength and a full recovery in retail can be long, and challenges, such as high debt and economic uncertainty, may soften the effect." "Retail sales volumes fell in the year to September for the first time since… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
