So Mr Stevens, What Are You Waiting For?

Sam Ferraro

Global Founders Funds Management

Earlier this month, I discussed five reasons why the RBA ought to deliver more stimulus at the next Board meeting in November. The benign 3Q CPI print – which showed that core inflation remains entrenched at the bottom end of the central bank’s target range - confirms that the economy continues to suffer from deficient aggregate demand. The benign CPI also suggests that A$ depreciation of recent years hasn’t flowed through to higher retail prices; importers are clearly absorbing the lower dollar through lower profit margins . The central bank now has the smoking gun to deliver another rate cut on Melbourne Cup day; a positive narrative of persistently low inflation. (VIEW LINK)


Sam Ferraro
Senior Portfolio Manager
Global Founders Funds Management

Managing Director of Global Founders Funds Management, Sam has over 20 years experience in financial markets, with Merrill Lynch, JBWere and Goldman Sachs.

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