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Reserve Bank poised to deliver interest rate cut but uncertainty about more rates relief given inflation comeback risk
The Reserve Bank board is highly likely to cut its official cash rate by 0.25 percentage points later today down to 3.85 percent. The big question is whether there'll be followup rate cuts later this year with consumer inflation now back in the middle of the RBA's 2 to 3 percent target band. Economist Warren Hogan says there's a risk inflation could make a comeback given the tight jobs market.
Reporter: Peter Ryan, Senior Business Correspondent
Featured: Warren Hogan, economic advisor, Judo Bank
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By Peter RyanThe Reserve Bank board is highly likely to cut its official cash rate by 0.25 percentage points later today down to 3.85 percent. The big question is whether there'll be followup rate cuts later this year with consumer inflation now back in the middle of the RBA's 2 to 3 percent target band. Economist Warren Hogan says there's a risk inflation could make a comeback given the tight jobs market.
Reporter: Peter Ryan, Senior Business Correspondent
Featured: Warren Hogan, economic advisor, Judo Bank