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Stand by for interest rate cuts: the US is about to start, so expect Australia to follow

  • Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
Stand by for interest rate cuts: the US is about to start, so expect Australia to followkos1976/Shutterstock

Just three weeks ago, Reserve Bank Governor Michele Bullock declared interest rate cuts unlikely in the next six months. But if there was any doubt about what’s going to happen to global interest rates, the US Federal Reserve chair Jerome Powell removed it on Saturday.

Before an audience of central bankers from around the...

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