RBA Assistant Governor Hunter says the housing market is a crucial mechanism through which monetary policy affects the economy

Newsquawk Staff · 8 Sept 2026, 03:47 UTC

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Impacts of changes in house prices on consumer spending is actually quite small.
Would not expect to see a recession in the economy.

What our morning note said

EU Market Open, 7 Sept, 05:46 UTC · what it led with

US launched strikes against three Iranian crude oil tankers on Saturday, which destroyed one. A move in retaliation for the IRGC targeting US Navy warships with ballistic missiles. Iran’s navy also targeted three oil tankers that were travelling through unauthorised routes in the Strait of Hormuz.
Holiday: Labor Day in the US and Canada.

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Riksbank maintains its rate at 1.75% as expected; assesses that the probability of a rate increase later this year remains; there is considerable uncertainty and developments call for vigilance
EUR/SEK+0.3%
Norges Bank maintains its rate at 4.25% as expected; may still become necessary to raise the policy rate
EUR/NOK+0.6%
Iran and US talks continue, and reports that the deal is close are wrong.
WTI crude+1.5%

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