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Showing 1 - 10 of 24 results for "David Bassanese"

Trump backflips on tariffs but risks remain

ELIZA BAVIN  |  THURSDAY, 10 APR 2025
... further wedge between the two nations which appear to be gearing up for a trade war. Betashares chief economist David Bassanese said despite Trump's concession, the global economy and particularly the US, still face "enormous risk" in the weeks and ...

Market turmoil hits portfolios

ELIZA BAVIN  |  FRIDAY, 4 APR 2025
... doesn't fully meet the definition. This mix adds complexity to the policy outlook." Betashares chief economist David Bassanese said this could impact the outlook for interest rate cuts at home as the Reserve Bank of Australia (RBA) monitors how Australia ...

RBA delivers 'cautious' cut, road ahead unclear

ELIZA BAVIN  |  WEDNESDAY, 19 FEB 2025
... April if the labour market data loosens more materially over coming months," Aird said. Betashares chief economist David Bassanese similarly expects more cuts to be delivered but expects them over the course of 2025 and 2026. "Assuming this continued ...

Economist calls for 35bps rate cut

ELIZA BAVIN  |  MONDAY, 17 FEB 2025
... meets tomorrow. However, while most of the market is expecting a regular 0.25% cut, Betashares chief economist David Bassanese is calling for a 0.35% cut to bring the official interest rate down to 4%. "To my mind, the case for a rate cut this month ...

CPI nears RBA's target range, but rate cut remains in doubt: Experts

MATTHEW WAI  |  WEDNESDAY, 29 JAN 2025
... the Reserve Bank of Australia's (RBA) November expectation of 3.4%. From this, Betashares chief economist David Bassanese said there is a good chance the trimmed mean figure could fall back to with the RBA's target band by June, rather than the ...

Unemployment edges up despite jobs added

ELIZA BAVIN  |  THURSDAY, 16 JAN 2025
... the back of a weaker AUD pushing up petrol prices and other key imports," he said. Betashares chief economist David Bassanese agreed the jobs data did not make a case for a near-term interest rate cut. "The impressively resilient strength in the labour ...

Commonwealth Bank finally relents on interest rate call

ELIZA BAVIN  |  THURSDAY, 31 OCT 2024
... board will view February 2025 as the most appropriate time to commence cutting rates." Betashares chief economic David Bassanese agreed the Reserve Bank of Australia (RBA) would likely cut rates early in 2025, following the first release of CPI data ...

Inflation eases in July

ELIZA BAVIN  |  WEDNESDAY, 28 AUG 2024
... of July. Excluding the rebates, electricity prices would have risen 0.9% in July." Betashares chief economist David Bassanese said that while the further slowing in annual inflation is welcome, it may not mean an interest rate cut is on the cards. "Today's ...

Interest rate relief unlikely 'this side of Christmas'

ELIZA BAVIN  |  THURSDAY, 30 MAY 2024
... from 3.5% to 3.6% in April, while seasonally adjusted CPI was even higher at 3.8%. Betashares chief economist David Bassanese said with consumer spending already weak, lingering inflationary pressures in Australia appear to largely reflect cost-push ...

Latest CPI data provides case for rate pause

CHLOE WALKER  |  THURSDAY, 31 AUG 2023
... path back to the inflation target with the cash rate staying at its present level." Betashares chief economist David Bassanese also said the overall continued decline in inflation further cements the case for the RBA leaving interest rates unchanged ...
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