Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 2GB account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 2GB content and other benefits.


Joining is easy.

Advertisement
Advertisement
Advertisement

RBA expected to cut interest rates by end of the year

Article image for RBA expected to cut interest rates by end of the year

A chief economist says the Reserve Bank of Australia will cut interest rates in the second half of the year, as house prices continue to fall.

The RBA has left the cash rate unchanged for another month, with the last cut announced in 2016.

AMP Capital’s chief economist Shane Oliver tells John Stanley he predicts there will be an interest rate cut in August and another one in November.

“There’s an old saying that, when you see one interest rate move there’s usually another one,” he says.

Mr Oliver says it is possible the banks may not carry out any cuts but believes, ”the pressure on the banks to cut their mortgage rates will be intense.”

“If they don’t cut they’ll get another round of bad publicity.”

Click PLAY below to hear the full interview

Advertisement