JB Hi Fi boss Richard Murray shrugs off coronavirus fears but worries about aggressive interest rate cuts

The electronics retailer JB Hi Fi has shrugged off fears about any immediate impact from the coronavis and is defying forecasts about a "retail recession" in Australia. 

The company has posted a nine percent surge in half year profit to $174 million with sales in the same period up four percent to $4 billion. 

But JB Hi Fi chief executive Richard Murray worries that dramatic interest rate cuts by the Reserve Bank might be sending the wrong message to consumers - and eroding confidence rather than boosting it.

I spoke with Richard Murray on this morning's AM program