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PIMCOs base case is an Australian recession, expecting a soft landing is a fool’s paradise

PIMCOs base case is an Australian recession, expecting a soft landing is a fool’s paradise
Remarks recently from PIMCO co-head of Asia Pacific Portfolio Management Rob Mead:Australia is fast approaching a mortgage cliff for fixed rate mortgageswill place further pressure on households and the economy[fixed rate loans] ... got to almost 50 per cent in the middle of 2021 ... by the end of 2023, over 50 per cent of outstanding fixed rate mortgage loans with the big four banks will have rolled over. This translates to around 17 per cent of all housing loans. “We’re now at the absolute pe... Read More
Posted: May 30 2023, 23:49
Author Name: forexlive
Views: 1027100

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