Rising economic risks opens the door to rate cuts, says Barrenjoey chief economist | The Business
Barrenjoey Capital Partners chief economist Jo Masters says the balance of risks have shifted to the downside and that is opening the door to rate cuts. She says there are emerging risks including Donald Trump’s tariff policies, which could lead to weaker global growth. At home, she warns households have becoming price conscious and are spending less in the economy. She says it’s too early to say the war on inflation has been won but Australia has made some good progress. She doesn’t expect the RBA to cut interest rates in July but thinks the central bank will move in August.
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