EDITORIAL: Reserve Bank’s cautious rate cut likely to underwhelm
An aggressive cut now would threaten what the central bank has achieved so far and might see inflation expectations edge higher
After the drama about its role and leadership in recent months, the focus is back on the Reserve Bank’s day job.
And the interest rate decision due on Thursday will probably be among its easiest with a cut of 25 basis points virtually assured. There are some analysts arguing for a 50-basis-point cut, though they are a small minority. It would be the first reduction since March 2018...