No more cuts from the RBA

Stephen Koukoulas

Market Economics Pty Ltd

It is unlikely the RBA will cut interest rates again in this cycle. Inflation is at its cyclical low, and global inflation is lifting. There is also clear evidence the house price boom has been rekindled in recent months, fuelled in part by record low interest rates. The sharp 5-cent fall in the AUD after the latest rate cuts clearly has further cuts priced in. If the RBA fails to deliver these cuts, the AUD should quickly rebound to 75 cents.

Stephen Koukoulas
Chief Economist
Market Economics Pty Ltd

Stephen Koukoulas has a rare and specialised professional experience over more than 25 years as an economist in government, as Global Head of economic and market research, a Chief Economist for two major banks and as economic advisor to the Prime...


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