Jeffrey Sheen

With both inflation and GDP growth trending down, the case for cutting the cash rate soon has strengthened significantly. Two cuts may be necessary in 2019. Should most of the current negative local and global influences on the economy be resolved in the future, interest rates will have to start rising – but this is unlikely in the next 12 months.

Outcome date: 
Monday 06 May 2019
Current rate: 
12 months: 
6 months: 

Updated:  18 October 2021/Responsible Officer:  Crawford Engagement/Page Contact:  CAMA admin