Interview: The RBA's shock call, and why they could get 'caught out'
FEAR & GREED | Business News · Fear and Greed
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Show Notes
Yesterday afternoon, the Reserve Bank board left the official cash rate on hold at 3.85%. A surprise decision given most economists and financial markets expected a reduction of 25 basis points.
Westpac Chief Economist Lucy Ellis - and former Chief Economist at the Reserve Bank - talks to Sean Aylmer about yesterday's decision, the press conference afterwards, and why she thinks "the RBA is going to get a bit caught out."
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