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Forget RBA hikes - Market now pricing 3 interest rate cuts by Christmas 2025
No doubt by now you’ve heard of the better-than-expected June Consumer Price Inflation (CPI) report that was released on Wednesday. The Australian stock market surged to a new high, and both existing and aspiring mortgage holders breathed a sigh of relief – as most economists are now calling the RBA will stand pat when it meets to decide on its official cash rate on Tuesday next week. That’s the key takeaway, a steady cash rate rather than a higher cash rate is good for stocks and good for the economy, because in both cases it supports consumer spending and reduces borrowing costs. It also helps support ... (full story)
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- Posted: Aug 2, 2024 12:19am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,943
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