Ensure you never miss an issue of the
real estate business bulletin
Further rate cut on the cards

Further rate cut on the cards

by Reporter 0 comments

Jessica Darnborough

A run of soft economic data could encourage the Reserve Bank to trim the cash rate again next month.

In AMP Capital’s weekly market and economic update, senior economist Bob Cunneen said sluggish business confidence, lacklustre consumer sentiment and a rising unemployment rate make a compelling case for lower interest rates.

“The recent run of soft Australian data justifies another 0.25 per cent interest rate cut to 2.50 per cent in August,” Mr Cunneen said.

According to the Westpac-Melbourne Institute Survey of Consumer Sentiment, the index was basically unchanged in July, falling just 0.1 per cent to 102.1.

While the index shows that optimists continue to outweigh pessimists, sentiment is still significantly weaker than at the start of the year.

le>.b-autolinks{text-decoration:underline}.b-autolinkshadowbox { display: inline; position: relative; cursor: pointer; color: #428bca;} .b-autolinkshadowbox:hover > span { display: block !important; } .b-autolinkshadowbox__links { white-space: nowrap; z-index: 999; display: none; left: 0; border: 1px solid #bfbfbf; border-radius: 5px; font-size: 12px; top: 12px;color: #000; padding: 10px; position: absolute; background-color: #FFF; box-shadow: 0px 0px 20px 1px #bfbfbf; } .b-autolinkshadowbox__links > a { display: block; padding: 3px 0; }
Further rate cut on the cards
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
An industry where the resilient succeeds

Tim Heavyside believes that a strong support team and good foundations are paramount to success in the real estate industry, and with regu...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?