"Resilient" Australian dollar highlights need for rate cut says Shane Oliver: Tweet of the day
Property ObserverDecember 7, 2020
The strengthening of the Australian dollar - up above 92 US cents - highlights the need for the Reserve Bank to cut the cash rate on August 6, AMP Capital chief economist Shane Oliver has tweeted to his 3,456 followers today.
In his latest market updates, Oliver said a “benign” inflation reading for the second quarter of the year on Wednesday should see the RBA cut the cash rate to 2.5% on August 6, says AMP Capital chief economist, Shane Oliver.