RBA poised to swing the axe on rates again; the market says it has to
Stephen Letts |
30 June 2019
Having sat on the sidelines for almost three years, is the Reserve Bank about to get into a cutting binge that would leave Royal Show axemen breathless?
The June meeting saw a 25 basis point chip flying off the cash rate, cleaving it down to a new low of 1.25 per cent.
There is little doubt there is more to come.
RBA governor Philip Lowe was about as explicit as a central banker could be when he said it would be "unrealistic to expect that lowering interest rates by quarter of a percentage point will materially shift the path we look to be on".
Submit a comment