Opinion
RBA thinks the jobs market is too strong to cut interest rates
A rate cut before the federal election now looks like only a possibility and not a done deal, putting the government and opposition on notice to be mindful of spending.
John KehoeEconomics editorReserve Bank of Australia governor Michele Bullock has put the Albanese government and Dutton opposition on notice that more big election spending will force interest rates to be held high for even longer.
If they ignore her subtle message to be “very conscious” about inflation in their spending decisions, a pre-election interest rate cut by May will be far from a done deal.
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