RBA rate call to be made in Australia’s ‘best interest’

Sky News Political Contributor Chris Uhlmann says the RBA’s decision is unlikely to be “stampeded” by what is occurring in the share market.

This comes as the global share market collapse over recession fears could shift the Reserve Bank’s rate cut trajectory.

“The Reserve Bank of Australia has to keep its eye on its knitting and its knitting is getting inflation down in Australia,” Mr Uhlmann said.

“The Reserve Bank of Australia will be thinking about what’s in Australia’s best interest in the long run and that’s getting inflation down.”

[VandalsGoths]

this world is falling apart, only the zombies dont see it.

[johnh]

pretty clear now RBA want persistent inflation so Houso Albo can call it growth

[aprilmanley]

This generation is the worst the world has seen! No Hope, No direction, Anxiety, Drug fuelled etc etc! God help our country when we are moments away from WAR!

[yeahnah]

Apparently our interest is to get to the Australian peso

[peterbarnhoorn]

Ol Grim Jim carrying on as though he's some master ? Ffs the guy is a fool ..destroying Australia 🇦🇺..😢

[nealkent]

Always remember, the RBA is to regulate the spending of the federal party in power at the time, the more the party exploits and pilfers taxpayers dollars and export income, the more the inflation and so the more the RBA has to raise the interest rates. The problem every time LABOR and the greens get in, we have this massive spike in overspending and this is associated with the immaturity and incompetence of the Labor/greens parties. To all that are suffering, the RBA are not to blame, its the stinking Labor/greens party who have created once again this mess. VOTE THEM OUT forever.

[drinno]

Missed the door to lift rates. Watch out, inflation is coming back to bite.

[maximummilitiaimmaculataem]

Remember this when the entire global fiat system collapses

[davehad-enough]

Australia needs a treasurer than understands how inflation works. Our current "treasurer" has zero idea. We'll be paying $75.00 for a loaf of bread in two years at the rate we are going.

[brothermaynard]

The cash rate has been kept at 4.35% and may be lowered because the arse is dropping out of the economy. I see the results every day.

[clementtan]

Rba should sell foreign currency and buy aud to strengthen aud. Inflation can be controlled by the strength of its currency