Interest rate cut could be ‘on the table’ in 2024

CBA Head of Australian Economics Gareth Aird discusses the Reserve Bank's decision to hold the cash rate at 4.35 per cent.

“No one knows where the data is going to print, if the data is to come in on the softer side on the inflation for Q3 for what they forecast and or the unemployment rate is lifting more material than what they forecast, then that can bring a rate,” Mr Aird told Sky News host Business Editor Ross Greenwood.

“I think the governor doesn’t want to get hopes up among households and businesses that rates could be going lower this year.

“If the data prints in a certain configuration, then a rate cut will come onto the table.”

[paulmessenger]

Why does a media keep going on about interest rates when they're not moving

[rd]

Never ever vote for LABOR ever again. Never forget these times of PAIN. 😢

[Deano]

RBA “we have absolutely no intentions of cutting rates”

This expert “a rate cut could be on the table”.

Where the hell do you find these idiots?

[abrighterday]

What happens if they cut rates? Property prices go up, now if you haven't noticed, theres children spending their whole childhood in homelessness. Imagine trying to get your school work done while being homeless. Singapore has a 90% home ownership rate because of excellent government housing, not the PRIVATE HOUSING SECTOR donating to both major parties for the last 20 years to the tune of billions, to ruin peoples lives for generations.

[deant]

They've got no intentions on cutting rates, , there's so much money they want to keep extracting from the people. We are making them all rich

[brettheywood]

Get to print 38 billion dollars, insurance up 29%, employed more bureaucrats, spectacular s cooking shit but hey my fault my kids fault

[Deano]

They clearly said that wasn’t going to happen

[Hope-bcyg]

Spoiler alert, it's not going to happen, 100% sure about this .

[davehad-enough]

Well .... yes .... hello. Of course it will be on the table IF inflation is under control. No one can predict this. Your conversation is valueless without inflation being under control.

[downtoearth]

Should have increased the cash rate, the RBA has now thrown all Aussies under the Double decker Inflation Bus for many Years to inflation into the economy 😢

[David-dkk]

Don’t hold your breath. Wishful thinking at best.

[Martian]

They raised the rent because the interest rates went up, so they will obviously lower rents once rates go down. Won't they?

[adolfot]

Lol didn't you guys hear the tone of Michelle Bullock RBA governor, no it's not

[Fred-if]

I mean u normies cant even figure out the small hats are controlling everything

[warrenpamment-ev]

you all think interest rates are high now back in the day Malcolm Fraser had it at 20%

[theseersays]

You lot are so short sighted and dribble such useless information, and will always remain the greatest burn, “sounds like you watch too much Sky News”🔥