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'Not a done deal': Economists not sold on RBA rate cut expectations
The RBA board is expected to cut the cash rate for the first time in five years.
The big four banks are all forecasting a 25-basis-point drop from 4.35 down to 4.1 per cent, but will the savings be passed onto borrowers?
9News Money Editor Effie Zahos told Peter Fegan on 4BC Breakfast, "You've got to remember households have been doing the heavy lifting."
"The government's been spending like there's no tomorrow and it's the households, the renters, the mortgage owners that are really pulled back to get these inflation numbers heading in the right direction," Effie Zahos said.
See omnystudio.com/listener for privacy information.
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By 4BCThe RBA board is expected to cut the cash rate for the first time in five years.
The big four banks are all forecasting a 25-basis-point drop from 4.35 down to 4.1 per cent, but will the savings be passed onto borrowers?
9News Money Editor Effie Zahos told Peter Fegan on 4BC Breakfast, "You've got to remember households have been doing the heavy lifting."
"The government's been spending like there's no tomorrow and it's the households, the renters, the mortgage owners that are really pulled back to get these inflation numbers heading in the right direction," Effie Zahos said.
See omnystudio.com/listener for privacy information.