{"id":179592,"date":"2025-09-30T08:24:08","date_gmt":"2025-09-30T08:24:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/179592\/"},"modified":"2025-09-30T08:24:08","modified_gmt":"2025-09-30T08:24:08","slug":"michele-bullocks-dire-warning-as-rba-hold-interest-rates-want-people-to-understand","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/179592\/","title":{"rendered":"Michele Bullock&#8217;s dire warning as RBA hold interest rates: &#8216;Want people to understand&#8217;"},"content":{"rendered":"\n<p class=\"yf-1090901\">Surprising no-one, the RBA has not delivered a cut this month.<\/p>\n<p class=\"yf-1090901\">That gives rise to the question: \u201cIf not now, when?\u201d<\/p>\n<p class=\"yf-1090901\">Nerida Conisbee, chief economist at Ray White, said it would likely be November, when the RBA board next meets.<\/p>\n<p class=\"yf-1090901\">\u201cWe did lose 5,500 jobs in August.. if that continues to deteriorate, it could mean an increased chance of a cut,\u201d she told ABC News after the decision.<\/p>\n<p class=\"yf-1090901\">\u201cAlso the inflation rate, the trim mean inflation of August came in at 2.3 per cent&#8230; it could also lead to a cut.\u201d<\/p>\n<p class=\"yf-1090901\">The markets are pricing in one more cut in 2025, a revision from the two that had been predicted, Conisbee said, warning that things can \u201cchange very, very quickly depending on the data that comes through\u201d.<\/p>\n<p class=\"yf-1090901\">The Ray White economist said construction costs were still \u201cproblematic\u201d, but that rents had \u201csettled down\u201d.<\/p>\n<p class=\"yf-1090901\">\u201cI think there will be a cut in November at this point,\u201d she said.<\/p>\n<p class=\"yf-1090901\">\u201cObviously will depend on what happens with that labour market data coming in a couple of weeks and also the quarterly inflation data, but certainly not two cuts as hoped by February.\u201d<\/p>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Ray White has illustrated how inflation has worked alongside the RBA cash rate decisions. \" loading=\"lazy\" height=\"443\" width=\"620\" class=\"yf-1gfnohs loader\"\/> Ray White has illustrated how inflation has worked alongside the RBA cash rate decisions.  \u00b7 Ray White <\/p>\n","protected":false},"excerpt":{"rendered":"Surprising no-one, the RBA has not delivered a cut this month. That gives rise to the question: \u201cIf&hellip;\n","protected":false},"author":2,"featured_media":179593,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,14821,38152,164,14819],"class_list":{"0":"post-179592","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-cash-rate","12":"tag-conservative-approach","13":"tag-economy","14":"tag-michele-bullock"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/179592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=179592"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/179592\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/179593"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=179592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=179592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=179592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}