The RBA says don’t expect interest rate cuts for 6 months. Here’s why it could be sooner
- Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
Days ago, at the start of last week, there was talk of a Reserve Bank rate hike.
Not now, not seriously, although Reserve Bank Governor Michele Bullock said it remained an option on the table when her board met on Tuesday.
In the United States, there’s talk of a double cut – two standard-size rate cuts at once – in a bid to stave...
