NewsBite

Opinion

Warren Hogan

No smoking gun to lift rates, but RBA should still pull trigger

The underlying dynamics of Australia’s economy are very different to what is happening in the US. The cash rate is still too low to ensure inflation sustainably returns to target.

Warren HoganEconomist

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

With no smoking gun from last week’s quarterly inflation result, the Reserve Bank of Australia board has nowhere to go on rates this week.

And if it is not tightening, then it is easing. The Australian market is now pricing in a rate cut within six months.

Loading...
Warren Hogan is managing director of  EQ Economics and economic adviser to Judo Bank.

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Economy

Fetching latest articles

Most Viewed In Policy

    Original URL: https://www.afr.com/policy/economy/no-smoking-gun-to-lift-rates-but-rba-should-still-pull-trigger-20240731-p5jy5f