Central bankers doing their best to silence rate cut hopes
Investors are responding to high rates with a novel investment strategy – keeping the bulk of their money in cash and using the rest to punt on AI stocks.
Reserve Bank of Australia governor Michele Bullock is going out of her way to douse investor hopes for a quick cut in interest rates.
Although the RBA board kept interest rates steady at its meeting on Tuesday, Bullock said at her post-meeting press conference that the board discussed the case for increasing interest rates – while the case for a rate cut “was not considered”.
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Jill Margo was a senior writer at The Australian Financial Review.
