For anyone wanting a rate cut, the March quarter CPI number wasn’t good. Some economists have ruled out any cut this year, while one forecaster is tipping three rate rises!
The annual growth in wages was 4%. What impact will this have on future inflation readings, what the Reserve Bank decides to do with interest rates and a possible recession?
Yesterday’s inflation result is enough for the Reserve Bank to continue its pause, but I suspect their central banker ways will prevent them feeling for those with huge rate worries.
Even if push comes to shove and there’s another hiccup rise, it looks like it’s the end of the line for rate rises. Even if I’m wrong, our future may not be as dismal as some think.