The Reserve Bank has left interest rates unchanged at 4.35 per cent, but the message from Governor Michele Bullock was hardly reassuring for borrowers. Despite softer inflation and a cooling housing market, the RBA is still warning that rates could need to rise again.
Sean Aylmer speaks with AMP Deputy Chief Economist Diana Mousina about why the decision was a “hawkish hold”, what could trigger another rate rise, why the RBA isn’t particularly worried about falling house prices, and the productivity problem it can’t fix.
Find out more: https://fearandgreed.com.au/ [https://fearandgreed.com.au/]
See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.