75% of economists predicted another rate drop… Are they right?… or wrong?
As mentioned previously, unemployment and wage growth is a priority for the RBA and despite last month’s cut, there wasn’t a lot of movement found in these two economic indicators.
So the RBA Board has decided to drop another 25 basis points bringing the cash rate to 1%. Find out what other factors have triggered this decision including if the US-China Trade Deals has anything to do with it!
AND if you’d like more data on Ben’s commentary today, here are a few resources:
- World Bank’s Document on the US-China Trade Deal
- NAB Monthly Business Survey
- Westpac-Melbourne Institute Index
- CoreLogic Hedonic Home Value Index Results
Now, let’s dive into RBA July 2019 Cash Rate Announcement!
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