What will interest rates and the Aussie dollar do in 2019? Business reporter Michael Janda asked half a dozen experts to get their views on the outlook.
The bigger question is, if it cuts, how much will hit its target — cash-strapped households and businesses — and how much will the banks trouser?last week's GDP numbers"Rate cuts are unlikely to be particularly effective and may well not be the right policy response," Ms Ong said. "We believe it is more likely the major banks pass through around 30 basis points of the RBA's potential 50 basis points in rate cuts to mortgagors," Mr Mott said.
No. But it will b a sure sign of panic.
Nope, people need more money in their pockets/accounts, and I mean ordinary people not the rich. The LNP's trickle-down from the rich has failed again, time to change govt. AusPol
Intriguing how a non elected representative is responsible for fiscal policy & they have no accountability to the people. Curious who/what drives their agenda it surely is the people & their fair outcomes auspol reservebank analysis abcnews
abc pumping property and banking... more debt will fix it, its working out real good so far
The economy is already tanking.