In his latest column for the AFR, Stephen Miller comments on the Reserve Bank of Australia’s decision to keep the cash rate at 3.85%, highlighting the unexpected nature of the decision and emphasizing that it was more about timing than direction. He notes mixed economic signals, with a strong labor market but weak productivity growth, and anticipates a potential rate cut in August if inflation aligns with forecasts.

Read Stephen Miller’s Opinion in the AFR

Stephen Miller

Stephen Miller is GSFM’s market strategist. His expertise in international economic and policy analysis, as well as domestic and global economic and financial market developments, has resulted in him becoming a regular commentator on central banks, rates and inflation.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.