Why the RBA won’t be cutting interest rates in a hurry
There is limited scope for the central bank to reduce borrowing costs in 2024 as it waits for evidence that inflation is returning to target, writes John Kehoe.
The new year has crystal ball gazers predicting local interest rate cuts in the second half of 2024.
But there are several reasons why I struggle to see the Reserve Bank of Australia cutting interest rates by much, if at all, this year.
Loading...
John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
