The RBA Faces Mixed Signals, But Will Likely Stand Firm On Rates…

The RBA meets Tuesday, with economists and markets predicting no change to rates. Indeed, not til later next year will rates likely come down, barring some external shock. Governor Michele Bullock said last month that inflation remains too high to consider a cut in the near term. At the heart of the problem is the Governments spending a greater share of the economy, and stoking jobs in the public and related sector, like healthcare. States are also spending like drunken sailors, and the federal government is throwing more money at households via the electricity subsides. This is all inflationary. On […]