Foghorn: Zero prospect of another rate cut this year

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From the McCrann foghorn:

On Wednesday the latest official inflation figures will be released.

In more ‘normal’ times they would immediately spark a frenzy of speculation over what the Reserve Bank would do to its official interest rate next Tuesday at its quirky Melbourne Cup day meeting.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.