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Hard for RBA to cut rates without a breaking point

It’s nearly four years since we last had a rate cut. We could be waiting a while longer.

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Inflation is on the way down, unemployment is on the way up, yet interest rates are going nowhere.

So what is the Reserve Bank of Australia waiting for: something to break or for the immigration/government spending surge to die down? Which one comes first?

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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    Original URL: https://www.afr.com/chanticleer/hard-for-rba-to-cut-rates-without-a-breaking-point-20240924-p5kcyg