The ‘big factors’ delaying interest rate cuts in Australia

Independent economist Chris Richardson explains the “big factors” delaying interest rate cuts in Australia. Mr Richardson pointed out inflation started later in Australia than other parts of the world. “Our rates are still a bit higher than a bunch of other nations,” he told Sky News Australia. “But the other big factor is … tax cuts. “We are going to get relief in Australia from pressure on our cost of living, but that first round of relief will come as tax cuts in three months – that pushes back the timing of those rate cuts.”