If the RBA’s right, interest rates may not fall for another year. Here’s why – and what it means for next week’s budget
- Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
The Reserve Bank is now assuming Australians will see no interest rate cuts this year – and quite possibly none before the next federal election, due next May.
That’s a big change compared to just three months ago. Back in February, the Reserve Bank assumed three rate cuts before the middle of the next year.
Its newly-updated...
