Australia could see a cut in interest rates next year

Yellow Brick Road Home Loans Executive Chairman Mark Bouris says Australia could see a cut in interest rates next year.

“I think the RBA's going to say, 'look, inflation's still not managed just because we have a bit of a scare overseas, we still haven’t managed inflation,” Mr Bouris told Sky News Australia.

“I need to see the inflation signs reduce.”

He said Australia will stay at 3.60 or 3.85 for a period of time just to “break the back of spending, and it's quite resilient”.

“So I think it's going to take like six to eight months to do that, then we should see rate reductions … I think sometime next year,” he said.

[pacifiststormtrooper]

Hold the phone people, when globalisation was in full swing we saw prices fall living standards and purchasing power rise... now the world is factionalizing, supply chains no long as efficient as they were, production moved to lesser productive but more friendly locations, more like minded and less adversarial countries add it altogether we are de globalisating hence things are now running in reverse thus why we have inflation, the collapse of a few banks who did stupid things mainly in the tech sector isn't a canary in the coal mine, inflation is entrenched reverse globalisation is to blame and pausing rate hike because a few fool hardy woke banks collapse ain't going to stop inflation so more rate rises will be needed

[jessekoch]

SVB Did not have a risk assessor for 9months.

[adrianjohn.]

i might get a pet Giraffe so he can see what’s going on 🦒

[adrianjohn.]

yep no wizbang jets or drones zoomin round ere, it’s pretty basic