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Agency: Australia expected to start interest rate cuts in February
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2024-12-23 14:03 5,331
Golden Finance reported that Shane Oliver, chief economist of Australia's AMP Financial Services Company, said that the Reserve Bank of Australia is expected to start cutting interest rates in February. He said money markets indicate there is a 69% chance of a rate cut in February. Oliver said the Reserve Bank of Australia should start cutting interest rates by May at the latest, with at least three rate cuts expected in 2025. He said: "It is important to note that while Trump's policies may increase US inflation and interest rates, they have ambiguous and potentially negative effects on Australian growth and inflation." Oliver added that from 3 A new committee starting next month is unlikely to change the path of interest rates. (Golden Ten)
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