(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
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$224.59 |
Change
0.600(0.27%) |
Mkt cap ! $85.37B | |||
| Open | High | Low | Value | Volume |
| $224.14 | $224.95 | $224.01 | $2.953M | 13.16K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 25 | $224.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $224.70 | 38 | 4 |
View Market Depth
| Last trade - 10.09am 16/09/2025 (20 minute delay) ? |
| MQG (ASX) Chart |