RBA remains ‘wary’ of declaring future interest rate cuts

Sky News Business Editor Ross Greenwood analyses the market reaction after the Reserve Bank of Australia held the cash rate at 3.6 per cent.

“You can probably water down the expectation of future rate cuts because the economy, frankly, and this is not bad news, this is good news, is starting to grow,” Mr Greenwood told Sky News host Peta Credlin.

“The real concern for the Reserve Bank is that maybe as a result of that they really haven’t slain the inflation dragon.”