Interest rate cuts ‘more likely in 2025’
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- čas přidán 22. 04. 2024
- HSBC Chief Economist Paul Bloxham says although inflation rates are predicted to come down, they are likely to still be “above the Reserve Bank target”.
“Inflation is still too high, and the RBA really can’t consider rate cuts any time soon,” Mr Bloxham said.
“We think rate cuts are more likely propositioned for 2025,” he told Sky News Australia.
The Australian government’s decision to roll out tax cuts from July 1st will “support consumer spending” which will likely mean “an upward pressure on inflation”.
Mr Bloxham said this will leave the RBA “with few options to cut”.
Budget Stimulus ? You Mean Taxpayer Funded Welfare !
RBA has NOTHING to do with house prices holy shit why do news commenters keep saying it’s a factor for rate cuts?
Total bs
yes this result was achieved only because the ABS reduced the weightings for housing, insurance……you know all the things we must buy. This is all disclosed on the ABS notes
People need to know that the RBA reduced the weightings considerably for housing costs, insurance, alcohol 😮 The only way to get a reduction to cpi is to fiddle with the figures😂😂😂
Do you have a source for this?
@@mitchbet yes type in ABS CPI methodology
So when’s the rent gonna come back down.
Inflation was hotter than expected in the March quarter. RBA must raise rates again. I am guessing 15 basis points to a level of 4.5 %
How does anyone expect inflation to drop when petrol, groceries, utilities and other things have increased? Shits ridiculous and why tf are we always going off U.S figures?
How is inflation coming down? I don't see food prices coming down & fuel jumped up another 50c per litre overnight 🤔
1% for the quarter dude. That's risen compared to the last quarter. The December quarter rose 0.6%
Hmm, interesting times...
This is just ridiculous.
RBA needs to raise rate now.
Hoping for a cheap house their mate? Not likely with record immigration numbers.
@@trythis2821 If RBA can increase interest to 20% a neutral rate, trust me, property price will come down.
@@Jin-oq2qu Highest interest rates have been 17.50% but things were very different then. People on average are carrying much larger debt now and RBA knows this. Very unlikely to happen unless some major black swan event like US economy goes bankrupt. Mind you with the way their deficit is increasing is becoming more likely.
@@trythis2821 As bad as it may sound, people's debt is not one of the mandates of RBA. It is unfair to penalise the have nots to enrich the haves whom are much wealthier.
Well done Sky for keeping your comments section open for people to have their say. The other channels will suffer accordingly as I will not watch anything that has its comments section blocked.
It’s higher because we are all forced to pay more for everything/ they think we are stupid
Government know we are stupid to keep voting them into power.
Since the covid the servuces have increased and so as the salaries... you cant get old prices now ... 2-3 % in these times us 3-4% . With that its just political not to cut intrests or putting money in pockets of those who sponser elections next year
Inflation is not coming down because we are all forced to pay more for commodities- how can it come down when we are charged so much more for everything- this is fault f the labour government-
In my opinion it will take another 2 years for inflation to come down enough to lower rates by around half a percent ( to around 3.8 percent as a floor ) unless they raise interest rates more or the housing market drops at least 15% to 20% or more ( or a combo of both ). In hindsight if they had raised rates to 6% it would of given them room to drop back to 4% if needed by next year, however the cash rate currently at 4.35 percent means that they have little room to drop as the cash rate has to always be above inflation to create currency stability.
Right now the RBA is dreaming of a 1 percent inflation rate so they can drop the cash rate to 3 percent, however a low inflation rate like that is not likely to happen again unless we got a decent housing correction and oil stabilized for many years in a row ( or both ).
Rentals up 20%, housing up 20%. RBA compensating for $500billion Covid-19 cash giveaway is making everyone a property millionaire-1in a100 year pandemic-the gift that keeps giving.
Rentals unable to pay large increase in land taxes in victoria
All. By. Design.
Stag inflation guys 🤔🤔😉😉 thanks guys 🙏🙏
Lol sky when are you ever correct all year you been saying cuts cuts Ukraine Ukraine maybe one day you will get it right
It's You Lefties that Blame Everything and Everybody else for Your F.Up's 1
😅😂 Talk about fake news!