Fund managers are tipping that this week’s widely expected interest rate cut from the Reserve Bank of Australia will broaden out the sharemarket’s rally to the more rate sensitive sectors, including property stocks and retailers.
When the RBA meets on Tuesday for its first board meeting of 2025, financial markets are pricing in an 88 per cent chance of some rate relief, dropping the cash rate from 4.35 per cent to 4.1 per cent. That’s largely because of a favourable quarterly inflation report, which showed core inflation inching closer to the central bank’s 2 per cent to 3 per cent target.
Loading…
