By Ken Atchison, CEO, Atchison Consultants
A further reduction in interest rates by the Reserve Bank of Australia (RBA) should not occur in the near future. That’s not to say the RBA won’t cut the overnight cash rate. However, the extraordinarily low-interest rate of 1.25% is already too low and the RBA should not cut it. Analysis by the RBA might show the prospect of falling employment as likely. Nevertheless, it is not currently occurring....