NAB survey gives RBA green light to slash rates

David Llewellyn-Smith

Wednesday 12 February 2025

Unless you are a rusted-on hawk, the RBA is cutting next week with bells on.

The latest evidence of price cooling directly addresses some of the RBA’s more esoteric fears.

Prominent among these has been its fixation with the output gap, which the pre-reform RBA did not focus much on.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.