Despite what the Reserve Bank governor has said, many people expect interest rates will have to come down — possibly sooner than predicted.
— two standard-size rate cuts at once — in a bid to stave off recession when the US Fed next meets next month. US markets are pricing inIn Australia, those arguing that inflation would force our Reserve Bank to push up rates this year have lost one of the planks on which their argument depended.
After the energy price relief ends midway through 2025, the Reserve Bank expects inflation to bounce back up above the target — but only temporarily — before falling back towards it from late 2025." towards the target band. She said the bank was unlikely to cut rates in the "near term", which she said meant this year or early next year.
released under freedom of information rules conclude the direct effects would be limited, as Australia earns much of its money from China. But those effects would be amplified by a hit to consumer confidence and greater financial market uncertainty, which would make it harder for businesses to borrow.
RBA Reserve Bank Interest Rates Mortgages Savings Home Loans Recession Banks Markets Finances Michele Bullock
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