‘RBA is at risk’ of deviating from its forecast path for inflation
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- Опубликовано: 8 июн 2024
- Rabobank Senior Macro Strategist Ben Picton says the widely predicted interest rate cut in September may not be the case anymore
“We were a little bit more hawkish than most on the forecast,” he told Sky News Business Reporter Edward Boyd.
“We were expecting a rate cut in November of this year and then just one more rate cut following that early next year.
“I think after today’s inflation numbers are showing that the RBA is at risk of deviating from their forecast path for inflation.
“We maybe do have to review those numbers and see where we think things are going to land for the cash rate.”
RBA threw Aussies under the Inflation Bus by raising rates too slowly, protecting the Banks & Government. We definitely need another rate rise.
And not to mention all the small businesses going bust…. Oops, I mentioned it 😮
have you looked at the RBAs own analysis of their forecasts? The only thing we know for sure is that they WILL be wrong😢
I hope this doesn't affect the banks record profits.
Anthony “recession” Albanese
Inflation is running at 12 to 15 percent. I'm tired of delusional.
Don't be so silly.
OK probably 10 percent less I sometimes over react and get ahead of myself. The latest figures are 11 to 14 percent. Per annum
@@peterburke8650 : Try 3.6%, it may be skewed but it's very close.
There is no interest rate cut perhaps even a hike, they should have gone harder sooner. Core Consumer Prices in Australia averaged 79.78 points from 1982 until 2024, reaching an all time high of 136.04 points in the first quarter of 2024. source: Australian Bureau of Statistics
why so we can pay them more.money and still get fleeced with inflation?
@@YogGroggoth-yv5tt The two things that need to happen (1) state and federal governments reduce spending (2) RBA to increase interest rates by as much as 50 basis points. The consequences of failure are compounding.
Give the Ukraine bs a rest
It's NOT BS.
Not owned by Australia but few know that.
Rubbish.
Pull the other one china always cooks its books.
Yeah, that figure is obviously highly inflated. It somewhere below 2.
Interst rates increase will effect rents and it circular relationship
Inflation was hotter than expected in the March quarter. The RBA could rise rates again .I blame Sco Mo for this
ROTFL. How could ScoMo possibly be responsible ??? Your reply will be entertaining.