'Nobody expecting’ an RBA rate cut this year

Motley Fool Chief Investment Officer Scott Phillips says "nobody is expecting” a rate cut from the Reserve Bank this calendar year.

Economists are expecting rates to remain on hold when the RBA concludes its meeting today.

The cash rate has been sitting at 4.35 per cent since last November.

[KIA-MIA-POW]

Please! Keep those rate rises coming !

[Jimmy-bgbx]

Poor Albo, he needed a cut even though he raise it himself 12 times.

[Berserker]

But, But Grim Jim said its all good. 😂

[HS-PGA]

Australians keeping up appearances despite reality of struggle behind the scenes is what’s keeping rates high .

[Avg]

Unemployment rate significantly increased, source data must be more accurate and job market is horrible at the moment. No funding to move projects and labor market worst.
My perspective on the current job market, which has seemed particularly challenging for over a year now. Do you think this is related to funding issues from existing govenment or perhaps Reserve Bank policies affecting liquidity in the economy?

Many people actively seeking a new role for the past 12 months but haven’t had much success so far. Any insights or advice you might have on navigating the market in these conditions would be greatly appreciated.
Thanks very much in advance.

[davehad-enough]

Certainly hope not. The inflation figures are created by our cardboard cutout treasurer who follows Albanese when it comes to honesty.

[dominicpelle]

In other words... **It's either now or in February that thanks to Albo/Chalmers Labor, that interest rates will come down** I predict three before the next election... as inflation continues to go down after the LNP left Labor with 6% inflation and rising along with interest rates. Let alone Albo paying off $160 billion of the LNP TRILLION $ DEBT

[pistolpete]

Why allow banksters at the foreign owned and controlled RBA the authority to set interest rates? Why not let the free market determine interest rates. The free market is more competent than the RBA since the RBA's inception in 1958.