Economist Saul Eslake says it’s “more likely than not” that the Reserve Bank will further cut rates in February. In September the RBA cut interest rates to a record 0.70 per cent in order to boost the economy's flagging growth. Mr Eslake told Sky News conditions have made another cut likely.
'It's forecasting below trend growth for at least another 18 months, inflation below the bottom end of the Reserve Bank’s target band for the best part of another two years, and unemployment clearly above its revised estimate of full employment,” Mr Eslake said. “It stands ready to ease further”. Image: Getty
RBAInfo Westpac 25pts is not “slashing” 😂
RBAInfo Westpac when will RBA learn! Cutting interest rates do NOTHING as banks will steal most of any rate cut THEN the double whammy, drop deposit rates by the full cut. It's gotta be a criminal offence, jail the CEO's or cancel their banking license nab CommBank ANZ_AU acccgovau APRAinfo
RBAInfo Westpac What happens when the regions are raped of water? Whoops
RBAInfo Westpac Balance is key. Interest rate is not the only tool.
RBAInfo Westpac Business is rapidly awakening to the many failures of the ScottMorrisonMP govt - economic, social and environmental. The LNP have lost Trust and Respect - as Australia moves into multiple crises AlboMP is looking like the Leader collaborative leader Australian business needs
RBAInfo Westpac It is achieving a small purpose than revitalising the economy. Money in pockets is the answer significant changes in costs of living are needed, Government has to reduce costs on everything including registrations & tolls simply transport is significant passed on to the consumer.
RBAInfo Westpac How good are liberal recessions 😂 😂 😂