“Kersplat”: The Collision Between Economics And Politics!

Yesterday as I discussed in my live show, the RBA held the cash rate at 3.85%, which surprised almost all economists, the media, and Labor politicians alike. If you listen to Michelle Bullock, at the press conference, she was careful to talk about, caution, waiting for more data because the monthly inflation stats are volatile, and that the direction of travel will be down, just more slowly than markets had been betting. Markets have now shifted their focus to the next meeting later in August when more employment and inflation data arrives, and the media are now repeating their belief […]