Business
Why would RBA upgrade economy and cut rates at the same time? – The Australian Financial Review
Economists are questioning why the Reserve Bank would cut the official interest rates to 0.10 percentage points and upgrade economic forecasts at the same time.
“I expect that Lowe will push back on pricing a November rate cut in his speech on Thursday,” Deutsche Bank’s Philip O’donaghoe said. “It will be very important if he doesnt push back.
“I’m not expecting a cut in November. November just falls too early for me for the RBA to spend its last quasi-conventional ‘bullet’.”
Reserve Bank governor Philip Lowe is under pressure for clearer signals on monetary policy. afr
Citi’s Josh Williamson said last week’s upgrades to economic forecasts by Treasur…
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