Why Our Economist — One of the Few to Call RBA's Shock Hold — Now Sees a Cut

The Reserve Bank of Australia surprised the market in July by holding interest rates steady - and only a few people saw it coming. One of those who did was Bloomberg Economics’ James McIntyre. Now, he thinks that Governor Michele Bullock and her board will finally deliver a cut at the August 12 meeting. This week on the Bloomberg Australia Podcast, Chris Bourke talks to James about what’s changed since the July decision, how far borrowing costs could fall this year - and why US President Donald Trump may play a role in what the RBA does next.See omnystudio.com/listener for privacy information.