on top of the US-China trade war were making the global environment even worse than what Dr Lowe had referenced in his address.He said an October and then November rate cut were now more likely as the RBA tried to protect the local economy and ensure the Australian dollar did not increase in value.
Dr Lowe warned if global interest rates continued to fall there may be little option but for the RBA to follow suit. "The added emphasis that the RBA is placing on global economic developments supports our view that they will ease policy next week," he said. While there were positive signs in Tasmania and Western Australia, vacancies in the nation's biggest job markets continued to slide.
swrighteconomy The weak option. Economy slowing, cut rates. Trade war, cut rates. Impeachment, cut rates. Stocks down, cut rates. Oil price shock, cut rates. FFS this narrative is getting boring. So unimaginative. My five year old can do it.
swrighteconomy WorstPresidentEver
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