Good early morning, it’s Ainsley here with a roundup of the news to begin your day.
Today’s must-reads:
• Mortgage market durable to RBA walkings: S&P
• Australia is essential provider as China ramps wheat purchases
• Titan search location expands
Australia’s home-loan market can quickly deal with another 50 basis points of interest-rate walkings without stimulating a sharp boost in home mortgage defaults, according to S&P Global Ratings. And that’s assuring since a Bloomberg study of economic experts revealed half of the 37 participants anticipate the Reserve Bank will raise its money rate to 4.6% by September. Goldman Sachs and Capital Economics see 3 more walkings for a peak of 4.85%.