RBA was on the ‘path to reducing rates’ but not anymore

Рет қаралды 10,694

Ай бұрын

The Reserve Bank of Australia was absolutely on a “path to reducing rates”, says The Motley Fool Chief Investment Officer Scott Phillips.
“Until they said last time that inflation wasn’t falling as quickly as they had expected,” Mr Phillips told Sky News Australia.
His comments come as the RBA is set to release the minutes from its last board meeting on Tuesday.

Пікірлер: 53

@SantosCliff Ай бұрын

I’m down $137k this year, scared my bank or brokerage will fail. Savings are dwindling due to high prices and debt

@RockRex-lx7lg Ай бұрын

Government stimulus helped Americans save, but I don't expect this trend to continue.

@pengily_emi Ай бұрын

Pandemic savings are gone for middle and low-income families. My trading skills need improvement.

@Stevierockie Ай бұрын

Desiree Ruth Hoffman, my market strategist, says the S&P 500's drop clears a path for a rally. She’s a great resource.

@SantosCliff Ай бұрын

@@Stevierockie Who is Desiree Ruth Hoffman? We need help organizing our finances for next year.

@RockRex-lx7lg Ай бұрын

Plan properly or consult a seasoned professional with a good track record like Desiree.

@DOWNUNDER. Ай бұрын

Increasing jobless Increasing immigration Increasing homelessness Increasing food prices Increasing debt Increasing boat people Increasing anti-semetism Increasing power costs Increasing china ties Increasing racial violence Increasing censorship Increasing government interference Decreasing chances for labor re-election

@tilapiadave3234 Ай бұрын

You are allowed to leave

@antpoo Ай бұрын

And fiat money is the root of it all.

@tom7784 Ай бұрын

@@antpoono mate, inept government is, our economic system is fine

@antpoo Ай бұрын

@@tom7784 no. The govt can only be as inept as a fiat currency allows. I agree. Govt comes in close second, but there is no way the power of usury and finance is subordinate to govt.

@anthonyszy7191 Ай бұрын

Bring it on baby! I can't wait for the challenge. I'll be riding the bull to riches. If rinehart and Forrest can do it so can I.

@Conky769 Ай бұрын

The last RBA chief was fired for this. The govt has surrendered to inflation.

@tilapiadave3234 Ай бұрын

LMAO ,, the WORLD is heading into an inflationary cycle ,, very little our Government can do about that

@peterschmidt1453 Ай бұрын

Yep, they'll keep with the fake 3.5% inflation when every sane Aussie knows it's at least 10%, as long as the media keep backing the lies many people won't wake to the truth.

@LilyWhiteAkAConspiracyRealist Ай бұрын

This writing was on the wall months and months ago, the rates will not be raised for about a year, we have not suffered enough yet … destruction is their plan 🚩

@lornacarlos Ай бұрын

If RBA increases the interest rate again, then Chalmers and Albo do not know what they are doing - again.

@onemind7729 Ай бұрын

You’ll have nothing and be happy……supposedly

@KIA-MIA-POW Ай бұрын

Keep those rates going up !

@robertmallac8398 Ай бұрын

Yes way to low, we need 6-8%

@Le_coq_sportiff Ай бұрын

I think rates need to go up considerably

@peterschmidt1453 Ай бұрын

The "value" of the aussie dollar is indirectly set by the USA, the RBA wants to keep the USD / AUD exchange rate stable, so what ever the Americans do to their interest rates and bond markets the RBA does too. Aussie interest rates won't drop until the Americans drop theirs. They will likely drop rates leading in the November 2024 Presidential elections, Aussie rate will be dropped too. Inflation will then run "nuts" in 2025 and rates will rise and rise until the US stock market crashes bring the world markets down with it. Then interest rates will be dropped again, if you still have your job and your house you'll be happy then.

@motorsportfreak1 Ай бұрын

So Labor attempt to buy votes from its budget may delay or increase inflation targets.

@williamcrossan9333 Ай бұрын

The basic reality around Brisbane is that a rate cut is not needed. The economy is roaring. Traffic is the big giveaway. Forget all the numbers! The housing market is white hot. Noosa over Easter was mental.

@Epictetus888 Ай бұрын

How about stop sending money on causes outside of Australia! And thank you for spending millions on a bull Yes vote, the money spent on that was rediculous.🤦 How can a nation prosper, when it's government operated out of debt, let alone it's people.

@peterburke8650 Ай бұрын

I think the rba should be seen and not heard.

@vmura Ай бұрын

leech us

@VishalSharma-bg7qj Ай бұрын

Sounds familiar to the Covid cases going up near the holidays and long weekends etc mysteriously People are about to get bit of relief with tax cuts and media start drumming up for rate hikes… So another words take the money from general public and straight in the pockets of RBA and the banks… Cases and booster shots all over again 😂

@QuanNguyen-jc1wm Ай бұрын

🤭

@UltraPerception Ай бұрын

YOU SHOULDNT BE WATCHING TV YOU SHOULD BE STUDYING! YAAAAAH HAH HAH!

@myday2704 Ай бұрын

They need to increase further for inflation to stop

@deanhays6115 Ай бұрын

The rba were never going to cut rates They are still low Onwards and upwards from here

@dominicpelle7841 Ай бұрын

The usual doom and gloom cods wallop from Sky punters who get it all WRONG Interest rates will come down not up 3 times this year as SKY keeps pushing

@leonie563 Ай бұрын

Wrong, 3 war theatres forming, investment banks want their money back. They've already crushed mortgagees, now they are stripping landlords.

@philmelb1022 Ай бұрын

Incorrect

@PaddyAU Ай бұрын

You are an idiot. We are in the early stages of stagflation

@tilapiadave3234 Ай бұрын

Want a bet ,,,, we are looking at 8- 9% by the end of next year

@brothermaynard3200 Ай бұрын

Bollocks.