Christopher Joye’s video take on today's weak GDP figures

The low Q4 GDP number of 0.4% combined with the downward revision to Q3 will have been a negative surprise for the RBA.

We really need to see unemployment tomorrow to work out whether this is a true game changer for interest rates.

But the probability of a cut this year has now risen, to be sure.

The RBA will, however, need more confirmatory evidence...

 

 

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