A Monash University expert is available to comment on the Reserve Bank of Australia’s announcement of a cash rate cut, and its implication.
Dr Isaac Gross, Department of Economics, Monash Business School
Contact: + 61 490 819 643 or [email protected]
Read more of Dr Gross’ commentary here: Monash Lens
The following can be attributed to Dr Gross:
“The RBA’s cut to interest rates by 25 basis points this afternoon reflects the softer outlook for inflation, as the cost-of-living crisis has begun to ease.
“We currently expect two further cuts over the remainder of the year. However, this outlook is highly contingent on two major factors: the continued moderation of inflation and the potential impact of Donald Trump’s trade policy.
“Should Trump re-commit to radically higher tariffs, we would almost certainly see a large reduction in interest rates. On the other hand, the chance for further cuts could evaporate if inflation stays stubbornly high, which remains a real risk given the strength of recent job numbers and wage growth data.”
For any other topics on which you may be seeking expert comment, contact the Monash University Media Unit on +61 3 9903 4840 or [email protected]