Mark Crosby

If ten years ago you’d have told me that Donald Trump would be President and calling the shots to the Fed with regard to monetary policy, and that our cash rate would be 0.75% while the unemployment rate was below 6% I would have eaten my hat (or walked to Canberra). The difficulty this poses for the RBA is the international and exchange rate pressures that this puts on Australia. However, it is still the case that further rates cuts will have zero to minimal impact on the economy.

Outcome date: 
Monday 04 November 2019
Current rate: 
12 months: 
6 months: 

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