The RBA should not cut rates, says Christopher Joye: Tweet of the day
Larry SchlesingerDecember 8, 2020
The RBA should not cut the cash rate as some economists are urging it to do, former Property Observer columnist Christopher Joye has tweeted, following the release of today’s September monetary policy meeting minutes.
The minutes have been interpreted as suggesting the RBA has an easing bias, with a rate cut possibly as early as October.
But Joye, who now files for the Australian Financial Review, tweeted that it should not act on this bias:
He later tweeted what he believed would guide the RBA’s cash rate decision-making process over the next two months:
Larry Schlesinger
Larry Schlesinger was a property writer at Property Observer