Aussie consumers expect RBA to cut

Friday 1 November 2024

The punters are usually right about monetary policy and right now they are dovish.

From Westpac’s superb Red Book comes a flush of relief:

The most striking sentiment shift over the last 3mths has again been around consumer expectations for interest rates, this time in the form of a veritable collapse in rate rise fears.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.