RBA futures finally figure out rate cuts are coming

Monday, 4 March 2024

RBA futures are finally figuring out that interest rate cuts are coming. Though they still have the quantum and timing wrong.

And I guess we can’t blame futures too much when the RBA itself seems to have no idea that it will be slashing rates in due course:

Futures are beginning to align with the CBA outlook of the first cut in September. I still think it will be earlier.

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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.