Mark Crosby

With the FED now more likely to raise in coming months there should be no motivation for any further cuts in the cash rate. While Japan and Europe may persist with their futile policies for a while yet, these policies should not influence policymakers in other advanced economies. Recent rate cuts should be given a chance to feed through to inflation, though the impacts on aggregate demand and inflation are likely to be very limited. This raises questions for the future of monetary policy in this country as further cuts are likely to be even less effective than the most recent two cash rate cuts.

Outcome date: 
Monday 05 September 2016
Current rate: 
12 months: 
6 months: 
Surname: 
Crosby

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