Government Sector Debts
  • Total Government Debt

    AUD
  • National Government Debt

    AUD
  • State & Local Government Debt

    AUD
  • Government Debt with AFIs

    AUD
Interest Rates
  • Target Cash Rate

    Percentage Per Annum
  • Today’s Interest Rate on Government Debt

    Percentage Per Annum
  • Consumer Price Index

    Percentage Per Annum
Private Sector Debts within Banking System
  • Total Private Debt

    AUD
  • Business Debt

    AUD
  • Household Debt

    AUD
  • Housing Debt

    AUD
  • Owner-occupied Housing Debt

    AUD
  • Investor Housing Debt

    AUD
  • Personal Debt

    AUD
  • Credit Card Debt

    AUD
Money Supply
  • Broad Money Supply

    AUD
  • Money Base

    AUD
  • Currency

    AUD
Economic Growth
  • Gross Domestic Product (GDP)

    AUD
  • Population

  • GDP Per Capita

    AUD

Blog Post 9 | 5th May 2015


Just in time delivery


The decision by the RBA to cut the cash rate by 25 basis points in May has proven quiet effective in stabilising money markets since early May. 3 year CGS yields have normalised to above 2 year CGS yields, though this spread is again narrowing. 

Meanwhile the RBA is in between a rock and a hard place; a tiring economy that yearns for liquidity to improve the balance sheets of banks facilitating improvements to borrowing throughout the economy (enabled via reducing the Cash Rate) and a hungry housing market that is gobbling up cheap money, making housing less affordable and generating a potential asset bubble. 

For now, the stabilisation of money markets suggests that May rate cut decision was timely. The economic picture could have been quiet different now and into the future had they continued to hold off on cutting the cash rate.


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