US EditionInterest rate cut tipped despite Trump tariff backdown
- The Reserve Bank of Australia is widely anticipated to lower its cash rate by 25 basis points at the upcoming policy meeting in response to current economic conditions.
- This rate cut follows easing inflation, soft wage growth, high mortgage stress, and a recent easing in Sino-American trade tensions reducing tariff levels.
- While the government re-elected on 3 May promises housing reforms to address affordability, delivering these policies remains challenging amid cost-of-living pressures.
- Economists, including Sean Langcake and analysts at major banks, largely agree on the rate cut, though some, like NAB, forecast a larger 50-point reduction described as aggressive.
- This monetary easing could either promote stability or widen economic inequality if housing reforms fail, making the upcoming policy moves crucial for Australia’s future growth.
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Search for signs of Trump trade slowdown as RBA meets
Uncertainty surrounds the Reserve Bank of Australia’s interest rate-setting board as it meets for the first time since Donald Trump blew up the global free trade establishment. But the two-day meeting, which begins on Monday, comes at a fortuitous time, with the board able to rely upon some known knowns. Two influential pieces of data released by the Australian Bureau of Statistics last week painted a clearer picture of a labour market still goi…
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Leaning Left4Leaning Right3Center0Last UpdatedBias Distribution57% Left
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57% Left
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R 43%
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