(Adds Macquarie CEO comments in paragraphs 2-3)
SYDNEY, March 11 (Reuters) - Australia's economy is set up for interest rate cuts in 2024 and a "soft landing" after a lengthy period of inflation, Macquarie Group (MQG) CEO Shemara Wikramanayake said on Monday.
The country's unemployment rate was just below its pre-COVID level and inflation had slowed, Wikramanayake noted at the Australian Financial Review Business Summit.
"Central bankers seem to be getting to a point where they can now reduce rates later this year and deliver that soft landing that really none of us were forecasting," she said.
News: MQG UPDATE 1-Australia headed towards economic 'soft landing', says Macquarie CEO
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Last
$214.20 |
Change
-0.280(0.13%) |
Mkt cap ! $81.63B | |||
| Open | High | Low | Value | Volume |
| $213.00 | $214.20 | $211.05 | $100.9M | 469.8K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 457 | $213.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $214.20 | 1501 | 2 |
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| MQG (ASX) Chart |