The much discussed RBA decision today confirmed a drop of 25 basis points to 3.85%. Some economists thought a drop of double that would be appropriate given that inflation was now well withing the target range of 2 to 3%.
Another cut next month looks likely, probably of the same order.
Image: Image: Courtesy R Chambers
Produced By: Roderick Chambers
Featured In Story: Professor Tim Harcourt – Industry Professor and Chief Economist at the Institute for Public Policy and Governance at the University of Technology Sydney
First aired on The Wire, Tuesday 20th May 2025