Rate cut expected in the ‘next few months’

The Australian’s economics editor Adam Creighton says the “overall expectation is the Reserve Bank of Australia (RBA) will not move” on rates in its first meeting of the year. Mr Creighton told Sky News that despite the unlikelihood of a cut on Tuesday, he could almost guarantee the RBA “will cut in the next few months". He said Australia's economic situation was also uncertain with the “spectre of the coronavirus hanging over it" but believed "from a macro-economic point of view" the bushfire season would not have too big an impact. "You might even get GDP growth from the bounce," he said. Image: AP

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