From www.aicd.com.au: The Reserve Bank of Australia recently implemented its first rate cut since November 2020, lowering the cash rate target to 4.1%, amidst a balancing act of economic conditions and upcoming political events.

The future path of monetary policy remains uncertain, with market predictions suggesting potential further cuts but acknowledging the complexity of estimating key economic indicators like neutral interest rates and natural unemployment.

‘With so much upheaval, predicting the path of the Australian economy almost requires an astrologer, says AICD Chief Economist Mark Thirlwell GAICD.’