Cyclone Debbie devastated local communities, but won’t have major effect on the broader economy

As the effects of Cyclone Debbie continue to devastate families and communities, it appears the damage bill is not likely to impact the broader economy. Also this week, there is some activity on the company analysis side, with an upgrade to Bank of Queensland, and a downgrade to Dulux among others. But brokers also spent time with an eye on the big picture, such as APRA’s decision to limit new lending for interest-only and high LVR loans, and the RBA’s announcement that they’re leaving the cash rate on hold at 1.5%.

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