FEAR & GREED | Business News Rates on hold, cut still possible; ASIC warns on private credit; Maldives bans smoking
Nov 4, 2025
The Reserve Bank holds interest rates steady, raising questions about future cuts. ASIC takes a hard look at private credit practices, highlighting governance issues and conflicts. A new government policy guarantees households three free hours of electricity daily. Microsoft makes headlines with a massive deal for AI cloud capabilities. Meanwhile, the Maldives sets a global milestone by banning smoking for future generations. The hosts discuss these pressing topics and their implications, making for an engaging listen.
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RBA Questions Whether Policy Is Restrictive
- The Reserve Bank left the cash rate on hold and said many inflation drivers were temporary.
- It questioned whether policy is still restrictive, implying cuts may not be coming soon.
Inflation Forecasts Revised Higher
- Governor Michelle Bullock said the cash rate is in the right spot but forecasts are uncertain.
- The bank now sees inflation above 3% for much of next year before easing toward 2.7% by end-2026.
Prepare For Multiple Rate Scenarios
- Market economists still price in one more rate cut, so consider scenarios rather than a single outcome.
- Listen to differing expert views, like Warren Hogan, before deciding on mortgage moves.