Not so simple. If global inflation remains elevated and our core inflation stays stubbornly high, there is no chance of cuts.
The RBA is sounding out alarms about the can see now (essentailly rear view mirror stuff months old).
Wait till you hear them again when they start seeing stuff that we can't see yet.
It wasn't that long ago that Glenn Stevens said he was pretty relaxed about house prices in Australia. Perhaps he made that speech under the same circumstance of this famous person.
