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Recession under Labor!, page-203

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Bananabender1

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14/03/24

12:22

Post #: 72882032
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Originally posted by Reaper11: ↑

I doubt they'll cut until September. There are tax cuts in July, so they probably won't reduce interest rates before they see what affect they have. Unemployment is a lagging indicator in that it keeps rising for a while after economic conditions turn. When they do cut rates I suspect they will do so quite aggressively because they're probably too high now, and will remain too high for another 6 months. A single cut won't suddenly spring the economy back to life, so there will probably be 3 or 4 rate cuts before the election.

Reaper.

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Makes sense. I think the RBA may have risen once too many.
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