Australia not ‘through the woods’: RBA trying to predict economic future

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 78%

Australia Headlines News

Australia Latest News,Australia Headlines

The RBA is trying to predict what will happen to Australia’s economy over the next three years, deciding whether or not they will need to raise the cash rate again.

Former Liberal advisor David Gazard told Sky News Australia, “It is good to see inflation coming down, I think people will be breathing a bit easier”.

“But it would be a mistake to have a loose fiscal policy running now in the expectation that we’re through the woods.”

Source: Financial Digest (financialdigest.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Major change to how RBA announces rate decisionsIncoming Reserve Bank Governor Michele Bullock will front the media an hour after future interest rate decisions are announced, the bank has confirmed, as part of a new strategy to better inform the public about how the RBA operates.
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Inflation falls to 6pc, taking pressure off the RBAThe price of clothes, furniture and appliances, and other consumer goods have fallen and helped bring the inflation rate to lower than market economists expected in the June quarter, but the cost of some services remains high.
Source: FinancialReview - 🏆 2. / 90 Read more »

Inflation eases more than anticipated as RBA considers another rate pauseInflation in Australia continues its downward trend giving the Reserve Bank thought to pause interest rates for a second month in a row.
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Chief economist predicts additional rate hike before RBA leadership changeMacroBusiness Chief Economist Leith van Onselen says he expects another interest rate hike to avoid a situation where the new RBA governor may need to raise rates. 'I think technically it makes sense...there's this good cop, bad cop regime, and Philip Lowe is leaving anyway,' he told Sky News host Sharri Markson. 'So I think they might do one more just to give her an easy run.'
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Call for Australia to get rid of cash slammed as ‘culturally insensitive’Sky News host Caroline Di Russo says she would like to see cash “reign for a good long while” as it is the “ultimate freedom” after people have begun saying Australia should get rid of cash.
Source: SkyNewsAust - 🏆 7. / 78 Read more »