Explore the latest developments concerning Bank’s surprise call.
RBA Likely to Hold Cash Rate Steady in May, Hike in August, Bendigo Bank Chief Economist Says
Australian shares edge lower as miners retreat, markets await Middle East talks
Why economists are saying the RBA won’t hike rates again
The market is underestimating a brewing economic downturn, the investment bank has warned.
The wrecking ball impact on the Australian economy from the Middle East conflict means the Reserve Bank will decline to lift rates again in 2026 before moving to an easing cycle next year, according to economists at Morgan Stanley.
On Tuesday the investment bank warned the market is underestimating a brewing economic downturn in Australia as house and equity prices fall.
While consumer confidence plunged to a 53-year low in March as evidence mounts that households are being swamped by higher interest rates and petrol prices.
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