Just a month since the last 25 basis point trim from 1.5 per cent, where it had been stuck for 3 years, they’re at it again attempting to boost the economy and steady the housing market, reports the Financial Times. Governor Philip Lowe also hinted that there might be further cuts as ‘’the uncertainty generated by trade and technology disputes is affecting investment and means that risks to the economy are tilted to the downside’’. He also commented on inflation, where ‘’pressures remain subdued’’ but should rise to 2 per cent or more after 2020. Tool box almost empty.
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