RBA's shock rates call has put an outsized August cut in play
The Reserve Bank's decision to keep rates on hold has put August back in play. And some economists think it might be a bigger cut than usual.
The Reserve Bank’s shock decision to keep rates on hold has pushed expectations of a cut back to August. But could the cut now be larger than 25 basis points?
That’s the question Capital Brief’s Brandon How put to RBA governor Michele Bullock at the central bank’s post-decision press conference on Tuesday.
Bullock did not rule it out, instead referring to the timing of a potential cut.
“By our next meeting in five weeks we will have the June quarter CPI, another labour market read, further information about international developments and an updated set of forecasts,” Bullock said.
