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| Name | Interest rate cuts ‘more likely in 2025’ |
| Video Uploader | Video From Sky News Australia |
| Upload Date | This Video Uploaded At 23-04-2024 21:32:49 |
| Video Discription | HSBC Chief Economist Paul Bloxham says although inflation rates are predicted to come down, they are likely to still be “above the Reserve Bank target”. “Inflation is still too high, and the RBA really can’t consider rate cuts any time soon,” Mr Bloxham said. “We think rate cuts are more likely propositioned for 2025,” he told Sky News Australia. The Australian government’s decision to roll out tax cuts from July 1st will “support consumer spending” which will likely mean “an upward pressure on inflation”. Mr Bloxham said this will leave the RBA “with few options to cut”. |
| Category | News & Politics |
| Tags | 6351505714112 | business | fb | finance | msn | yt |
