It’s premature to declare victory over inflation. But all hell will break loose if the central bank governor and her board defy the Black Caviar odds and hold next week.
Michele Bullock risks a credibility deficit whichever way she and the board move on next week’s supposedly sure-thing Reserve Bank interest rate cut.
It seems like the entire nation is demanding a 25 basis point reduction in the RBA’s 4.35 per cent cash rate next Tuesday.
Loading...
Michael Stutchbury is editor-at-large. He is in his fourth decade of writing for and editing national newspapers. After nearly six years as editor of The Australian, he returned to the Financial Review as editor-in-chief (2011-2024). Email Michael at mstutchbury@afr.com
