AMP chief economist Shane Oliver has been one of the most ac...

AMP chief economist Shane Oliver has been one of the most accurate at picking rate changes in the past. He said recently that given the experience with inflation in the US, where progress on disinflation quickly resumed after a bump up, the RBA “should be moving to consider a cut”. Still, he said in a note the RBA will most likely reiterate it is “not ruling anything in or out” as inflation remains too high. This is a line Bullock and the board have been trotting out for months. When they omit it, it will be considered a significant signal that the tide is turning.
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