The economy is now getting support from all sides, with the RBA cutting interest rates, Parliament passing the tax cuts promised in the Budget and APRA loosening constraints on mortgage lending this week. But none of this comes as a surprise and with GDP growth set to fall short of expectations this year, we still think that the RBA will have to cut interest rates to 0.5% by early next year to make a meaningful difference.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.