RBA Rate rise may not be a done deal, one business leader says

With inflation below the Reserve Bank target, unemployment on the rise and the economy slowing, just about every market economist thinks the Reserve Bank of Australia board will have no choice today but to cut the official interest rate.

Yet not everyone thinks following economic theory is the way to kickstart confidence - especially with rates already very low. Businessman Graham Bradley, the chairman of HSBC Australia, Energy Australia and Graincorp, thinks there's a chance the Reserve Bank will keep its powder dry this afternoon after all.

ABC switched on this morning and going against all other experts predictions of a rate cut.

The standard of digital stories and editing is piss poor these days. They type out stories almost like someone rage tweeting with little care for mistakes.

You mean cut don’t you?

rate rise

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Market expecting first of interest rate cutsThe Reserve Bank of Australia is set to deliver an interest rate cut this week, with the key question then how many more reductions will follow. What's the point of an RBA cut. Bank lending rates to business are completely unrelated to the RBA benchmark. It will have no effect on business or mortgage rate. Time to call out this crap economic lever. It doesn't work.
Fonte: smh - 🏆 6. / 80 Leggi di più »