Thursday, December 6, 2018

Slowing economy could force RBA rate cut in 2019, economist Stephen Koukoulas predicts

Two prominent market economists are predicting the Reserve Bank will be forced to cut official interest rates after official figures confirmed a slowing economy. 

Shane Oliver, chief economist at AMP Capital, and Stephen Koukoulas of Market Economics believes the RBA might cut rates in May. 

ABC's Peter Ryan says a slowing economy could put pressure on hopes that a surplus will be announced in April's pre-election budget.

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