Mon, 17th Feb 2025
from Finance News Wrap Hosted by Paige Estritori
In this week's Financial Services Online podcast, host Paige Estritori examines potential shifts in Australia's economic landscape. Economists anticipate an interest rate cut from the Reserve Bank of Australia after noteworthy indicators of economic duress, such as falling inflation and lessening economic activity. Despite this, some economists express caution, noting sturdy employment data and inflation in the building sector, and suggesting that the Bank might delay any decision to observe the labour market. If the interest rate cut takes place, it could significantly affect the housing market, with predictions of increases in property prices, especially in high-tier urban areas. These potential changes could greatly impact Australian borrowers and sellers. Keep in tune for more financial updates and potential effects on your financial plans.
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