Bigger-than-expected interest rate cuts possible

[Shaun Jacobs]

Bigger-than-expected interest rate cuts possible

With inflation expected to continue its downward trend and the Federal Reserve set to begin cutting rates, the Reserve Bank has the chance to enter a deeper cutting cycle.

 

[rh1]

SARB govenor has stated time and time again, inflation in his opinion needs to be 3% maximum. Whilst I dont think he will get his way, as long as he has the deciding vote (also note that there is a vacancy so his extra vote carries more gravitas), there will not be major rate cuts. At least he acts consistently to what he says.

 

[PaulGherkin]

Shaun, let's not get ahead of ourselves. The GNUphoria is wearing off already.