Australia’s Interest Rate Cut

#RBA #AusPOL #CashRate

Let’s look at Governor Philip Lowe’s Reserve Bank Board Dinner during which he discussed yesterdays extraordinary Interest Rate Cut. Given the amount of unexpected economic factors the board mention, does anyone have confidence in any of their modelling?

References

Today’s Reduction in the Cash Rate

https://www.rba.gov.au/speeches/2019/sp-gov-2019-06-04.html