Reserve Bank will not raise interest rates again in 2024, Andrew Clennell predicts
HTML-код
- Опубликовано: 5 май 2024
- Sky News Political Editor Andrew Clennell predicts the Reserve Bank to either hold or drop interest rates for the rest of the year.
The Reserve Bank on Tuesday kept the cash rate on hold at 4.35 per cent for May.
“It is a soft landing we are all after; it is a bumpy road the last month or two,” Mr Clennell said.
“I think the next move will be a cut - the question is, how far away?
“You wouldn’t rule out about a month or two before the next election next year, and will that do enough to help the political fortunes, or will people of suffered so much by then they will be looking to give the Albanese government a kick.”
I am still laughing about the whole "transitory inflation" thing.
Better get rid of your dollars
Albo’s green diversity pick for the RBA is under the thumb.
Watching the value of the Australian peso is like watching a heart monitor.
Another expert who can predict the future.
I think they will give people a small cut coming into Christmas to give them some hope but they won't do anything unless the US starts cutting earlier.
Actual Inflation is much, much higher than 3% You could at least double that figure. Interest rates should be at 10% to stop further inflation!
Do you actually understand why they use interest rates to stop inflation?
They are literally sucking money (your money) out of the economy to reduce spending. In other words they are reducing the demand side of the supply and demand equation.
The effect of higher interest rates is 3 fold...
1. Anyone with a loan gets burnt. Home owners struggle to make mortgage repayments. Businesses raise prices to cover their loans. Some people and businesses default.
2. Rents go up because real estate investors need to cover their costs. New housing goes down because nobody wants to borrow at the higher rates. Sellers with already low fixed rate rate loans don't want to sell and take on new loans. All these factors add up to higher rent and lower new housing.
3. Businesses can't afford to keep hiring. Sometimes it leads to layoffs. Unemployment goes up. Jobs are lost, suicide rates go up, depression increases, banks fail, bailouts.
Everyone suffers when they keep raising interest rates. Don't think you're the exception. All that money they suck out of the economy goes to the banks and governments.
All I'm saying is.. be careful what you wish for.
If inflation goes up again in the next quarter then of course we'll get another rate rise soon thereafter.
Tough luck Scrub News You and you handpicked biss financial experts ,all relatively unknown but experts in scaremongering .
It all depends on the supply of oil .. not enough oil .. put the breaks on by raising interest rates.. oil supply to oil demand is in balance.. steady as she goes .. interest rates on hold.. peak oil won’t go away and it’s in the rear view mirror now .. when is net zero ??? That’s the real date to watch and that will be coming into view in the very near future..
I'm looking for new "Non-Bank" lending. If that chart spikes, interest rates will climb. Remember approced APRA ADIs are being stress tested in 2024 & 2025 but SMSFs etc will do their dough🤑 if they swim in non banks....good luck
Believe that, I have a bridge to sell you! It's a lovely bridge, only one owner, not well travelled.
rates might not go up this year it's only protecting this gruberment the rba boss wil do what albosleasy says to keep her job