Cautious Consumer Spending and Economic Recovery in Australia

Yesterday the Reserve Bank cut the official cash rate by 25 basis points.

It was widely expected, with all four big banks quickly passing on the rate cut to customers. But there’s still plenty of uncertainty over the economic outlook. 

Luke Yeaman, Chief Economist at Commonwealth Bank, talks to Sean Aylmer about the decision, whether inflation is now under control, and whether we will see any more rate cuts this year.

Find out more: https://fearandgreed.com.au/

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