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Inflation still the enemy: Predicted rate cut could be the last one for a long time
The Reserve Bank will meet today in what will be the new board's second ever meeting.
The markets are predicting a 25 basis point cut, but it could be the only cut for the rest of the year.
9News Money Editor Effie Zahos told Peter Fegan on 4BC Breakfast, "The big issue here has been inflation and even though that has eased somewhat, the last numbers, that didn't say that inflation's going down."
"Until we get wages up to date with that, we are going to continue to struggle."
See omnystudio.com/listener for privacy information.
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By 4BCThe Reserve Bank will meet today in what will be the new board's second ever meeting.
The markets are predicting a 25 basis point cut, but it could be the only cut for the rest of the year.
9News Money Editor Effie Zahos told Peter Fegan on 4BC Breakfast, "The big issue here has been inflation and even though that has eased somewhat, the last numbers, that didn't say that inflation's going down."
"Until we get wages up to date with that, we are going to continue to struggle."
See omnystudio.com/listener for privacy information.