It looks like the RBA's signals that it won't raise interest rates until 2023 is the opposite approach to the Japanese bank equivalent.
However the RBA cannot set all the influences that apply to liquidity and lending rates. For instance, raising interest rates experienced by the banks can happen due to higher international borrowing costs.
That could happen due to a crunch coming from the US due to the widening spreads for Treasury notes and bonds. All quite possible as the US has spent $USD trillions and has to finance the expenditures.
My signals are telling me there is a coming crunch on investment properties, in particular apartments in Melbourne and Sydney. Empty apartments won't be tolerated for long by the lenders eventually they want repayments on the capital. This is going to lead to a crunch towards the end of the year, as soon as August.
