What is the RBA's next move?


Please click the link below to view Shane Oliver's thtoughs on the RBA's next move on interest rates. 

Key Points raised are:

  • While the near term risks for the RBA cash rate are probably on the upside, the most likely scenario is that the RBA holds rates ahead of the rate cuts starting later this year
  • The March quarter US and Australian inflation scare is likely receding. 
  • Australian economic growth is very weak, the labour market is cooling and the effective rise in interest rates in Australia has been more than in camparable countries.