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
  • 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

6th September 2016


September Rate Cut is not Completely out of the Question 


While it is highly unlikely, the RBA could further cut interest rates today when they meet for their decision on monetary policy for the month. In light of the 25 basic point cut last month, the AUD/USD actually increased by almost 1 cent when averaged over the month of August to July. This being counter logical to the outcome of a 20% reduction in the interest rate differential between Australian and the United States in a pre GFC world. Theoretically, lower AUD would increase import prices and decrease export prices, resulting in higher inflation, lower unemployment and higher economic growth. If the RBA are resolute to increase inflation to their targeted 2-3% range, and increase employment and economic growth, a .25% rate cut could be on the table at 2:30PM today. However, given the ASX 30 Day Interbank Cash Rate Futures is indicating only a 5% expectation of a decrease in the cash rate to 1.25%, this would be a black swan for market expectations.


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Australian Debt Clock.com.au


Australian Debt Clock is dedicated to informing the public of our nations trending debt levels. These debt levels are given in isolation of a vast amount of economic data and information that this website does not explore, and therefore should not be used as a sole point of reference.

 

Australian Debt Clock seeks to create awareness around an economic issue that has many dimensions. This website only explores the aggregating levels of debt amongst the different sectors of the Australian economy, and seeks to remain unbiased of the positive and negative economic implications. Rather, this website will pursue presenting impartial information that will serve as a point of reference for users.

 

It is the intent of this website to encourage conscious and open-minded thinking in relation to Australia’s economic situation. Financial literacy and awareness of our nations trending debt levels is an important part of reaching a well-rounded economic understanding. 


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