Interest rates left unchanged The Reserve Bank has made a strategic decision and is conserving its ammunition

Craig James

CommSec

Interest rates left unchanged The Reserve Bank has made a strategic decision and is conserving its ammunition. Rates may be cut again if the economy needs a bit more help. But there is no urgency, no panic. The statement is short, sharp and to the point. And that's why the decision can be applauded. Consumers won't be spooked by successive rate cuts. But rates are still low, and can fall further. So the decision is positive for confidence and hopefully causes more consumers and businesses to spend, invest and employ. CommSec continues to factor in one more rate cut with timing still an open question.


Craig James
Craig James
Chief Economist
CommSec

I am married with three children (all in their 20s) and currently live in Huntleys Cove in the inner west of Sydney. Chief interest is athletics and trying to keeping up with the children.My current role is Chief Economist, Commonwealth...

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