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All eyes will be on the Reserve Bank this afternoon with RBA governor Michele Bullock expected to deliver its fastest cut in interest rates since the early days of the COVID-19 pandemic.
On a $600,000 mortgage, a rate cut on Tuesday would be worth $100 a month and take to $300 the monthly savings since the Reserve Bank started easing monetary policy in February.
Reserve Bank governor Michele Bullock is expected to deliver rate cuts this afternoon. Credit: Louie Douvis
However, not all economists are convinced the RBA will cut rates on Tuesday.
Betashares chief economist David Bassanese said the bank could wait until the next quarter inflation report, due to be released at the end of the month, to get a better handle on how the economy was performing.
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