Chief economist update: Another rate cut on the cardsBY BENJAMIN ONG | FRIDAY, 14 JUN 2019 10:51AM
At this point, I'm not so sure whether an additional - or even two - RBA rate cuts would be able to turn the economy around and, more specifically, encourage highly indebted households to increase their spending.
Read more: ABS, ANZ, Australian Bureau of Statistics, NAB Business Survey, Westpac-Melbourne Institute
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If financial markets were waiting for the Australian labour market report to raise the odds of another RBA rate reduction, they're too late. Now only one question remains.
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