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The Guardian - AU
The Guardian - AU
Business
Greg Jericho

The Reserve Bank should be looking at these numbers and wondering why it waited until February to act

The Reserve Bank of Australia building in Sydney. The RBA should cut interest rates again in April to hasten economic recovery, writes Greg Jericho.
The Reserve Bank of Australia building in Sydney. The RBA should cut interest rates again in April to hasten economic recovery, writes Greg Jericho. Photograph: Lisa Maree Williams/Getty Images

And so the corner has been turned. No longer is population the only thing keeping the economy growing. But the still-weak GDP figures of the last three months of 2024 highlight that the Reserve Bank took too long to cut rates and more cuts are needed.

First things first: let’s bid adieu to the crappiness that was 2024. It was not a year that will bring many fond memories, especially on the economic front here in Australia.

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