Aussie plunges again as RBA cuts forecasts

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RBA dramatically revises down its economic forecasts amid the ongoing property market correction, prompting the Australian dollar to plunge again

 

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Ffs so what if greedy people aren’t making millions everyday on their homes!? It’s a home! so they want houses to go up in a straight line forever? How does that make sense!? So when does the line stop!? A house in Sydney costs... infinity

is Morrison/Freydenbergs surplus at risk?Bet they wont admit it

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Aussie plunges again as RBA cuts forecastsThe Australian dollar has plunged again, after the Reserve Bank dramatically revised down its economic forecasts amid the ongoing property market correction Rosie pictures from Morrison and his tame commentators seem to be going brown at the touch. Maybe Shorten will need to put some stimulus into the economy when he takes the reins in May.
Source: theage - 🏆 8. / 77 Read more »

RBA could slash rates to record low amid slowing economy fears | Sky News AustraliaThe Reserve Bank could slash interest rates to their lowest point since the 1950s just days out from the federal election over fears of a slowing economy.\n\nThe RBA has previously indicated the next rates move would be up but Governor Philip Lowe has admitted that a slowing property market and lower spending are putting the economy at risk.\n\nThe current rate sits at 1.5 per cent with the RBA board expected to meet on May 7 after the release of new inflation figures in April.\n\nPrime Minister Scott Morrison has already warned the economy is facing headwinds with economic management shaping up to be a key issue in the contest against Opposition Leader Bill Shorten.\n\n\n\n\n\n\n\n\n RBAInfo And fresh from the big4banks & ScottMorrisonMP sham Royal Commission watch as the banks DON'T PASS IT ON RBAInfo but the REAL MANAGERS of the economy big banks will take a slice or all of any RBA rate cut as they have done previously to increase profits & stuff the national economy. STOP THEM. Post Royal Commission it should be a criminal offence HumanHeadline OneNationAus billshortenmp
Source: SkyNewsAust - 🏆 7. / 78 Read more »