Precisely. The RBA's is supposed to be ahead of the game. Consistently behind now. A cut last week was justified without Trump. Now playing catch-up. - ThreadSky

michaelpascoe01.bsky.social • 11 days ago

Precisely. The RBA's is supposed to be ahead of the game. Consistently behind now.
A cut last week was justified without Trump. Now playing catch-up.

Reposted from Hayden Starr

The RBA is expected to cut rates in May & 3 more times after Trump's tariffs hit global markets.

So why didn't they cut this week? Did they not factor in the tariff threat despite orange man's clear promises to do so?

@grogsgamut.bsky.social and I chat all things econ on the Dollars & Sense pod ⤵️

Comments

mish3091.bsky.social•11 days ago

The rate cut was justified by all their indicators & yet they didn’t cut. By doing so they do have an impact on the outcome of an election as it feeds into the LNP false narrative that LABOR are poor economic managers. If the LNP is successful in May they will claim all future rate cuts as theirs.

allenmarkv.bsky.social•11 days ago

Can’t help but think when Phillip Lowe was snapped at a Gina event as to the closeness of others within that circle.

haydenstarr.bsky.social•11 days ago

And it's we plebs who get told to sit and take our medicine. Doc, I don't think I'm still sick?

nail82826717.bsky.social•11 days ago

RBA tends to be a RW ideological identity. Wouldn't raise interest rates until too late before the 2019 election, so as to favour the Scott Morrison incoming government chances, won't lower interest rates until too late before the current election cycle so as to favour the chances of Peter Dutton.

heatherforward.bsky.social•11 days ago

We know why the #RBA didnt cut rates. They refuse to help out a Labor government in any way. If LNP get in it will be rates cuts all the way. #Auspol

random-sarah.bsky.social•11 days ago

The same RBA who reduced rates to rock bottom because the LNP wouldn’t do anything to fix the economy they destroyed, kept them rock bottom even with the rising inflation - until after the election, then when ALP is elected they rise continuously.

Then hold off during the election 🙄

random-sarah.bsky.social•11 days ago

Ex RBA head partying at Gina’s bush doof tells you everything you need to know

wolfy910.bsky.social•11 days ago

They didnt cut because it will make Labor look good during an election cycle, unbiased my butt

vernv.bsky.social•11 days ago

Unfortunately, the RBA don't have an everyday Australian on the board to represent us.

bcarrington.bsky.social•11 days ago

Again 🤦‍♀️

Comments

Posting Rules

Reply