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RBA March 2019 Announcement – What’s causing the deterioration in our economy?

It’s the first Tuesday of the month folks… which means the RBA Board has met and announced the official cash rate for March 2019!

As widely anticipated, the Cash Rate has remained on 1.5%.

Now if you tuned in to last week’s episode with Dr Andrew Wilson, you would notice that he forecasted the next rate cut to be as early as April!
Bill Evans, Chief Economist at Westpac on the other hand, is anticipating not one, but two rate cuts on the second half of the year.

What has triggered this and what do we think is going to happen? Why is it that most economists are forecasting a rate cut instead of a rate hike? Ben explains all this and more in this episode.

If you’d like to check out his previous commentaries, click here.

 

 

 

 

DISCLAIMER: This podcast is general information only and is an opinion comment by Ben Kingsley. The information contained in this video is for Australian residents only. The information does not take into account the particular investment objectives or financial situation of any potential viewer. It does not constitute, and should not be relied on as, financial or investment advice or recommendations (expressed or implied) and it should not be used as an invitation to take up any investments or investment services. No investment decision or activity should be undertaken on the basis of this information without first seeking qualified and professional advice.

The Property Couch, its employees or contractors do not represent or guarantee that the information is accurate or free from errors or omissions and therefore provide no warranties or guarantees. The Property Couch disclaims any and all duty of care in relation to the information and liability for any reliance on investment decisions, claiming the use or guidance of this publication or information contained within it.

For more information, please visit: http://thepropertycouch.com.au

 

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