Brace yourselves, Aussies!
The Reserve Bank of Australia is tipped to be the last biggie to slash interest rates. 📉
Economists are betting the cash rate will stay put till at least November. 🤔
But here's a twist!
A notable chunk of economists say 2025 is a more realistic bet for the RBA's first rate cut. Why?
Inflation's not cooling off like other nations, and the job market's still hot. 🔥 $BHP Group Ltd(BHP.AU$ $CommBank(CBA.AU$ $Appen Ltd(APX.AU$ $S&P/ASX 200(.XJO.AU$
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Mynor Garcia : Everyone's gonna cut rates, then they ain't, but then again they might, but maybe not. Lol, I know I should stay on top of the rate cut news, but I just started ignoring it. I'm confused enough on my own, don't need their help.
Airbags : so in your opinion what does this mean for BHP? @JC7577
JC7577OP Mynor Garcia: Indeed, the constant back-and-forth of economic predictions and central bank decisions can be quite dizzying. It's completely understandable to feel overwhelmed by the noise.
JC7577OP Mynor Garcia: If ignoring the rate cut news helps alleviate some of your confusion and stress, then that's a perfectly valid choice.
JC7577OP Airbags: In a scenario where central banks are cutting interest rates, it often signals a desire to stimulate economic growth. Lower interest rates can potentially lead to increased borrowing, investment, and consumer spending, which may boost demand for commodities like those produced by BHP.