More rate cuts might be needed to boost Australia's fragile economy with soft household consumption figures contributing to stalled growth.
Australia's economic growth weakened to 0.2 per cent in the March quarter, as the private sector struggles to pick up the slack from falling public demand.
Australia's economic momentum remains fragile with unseasonably warm weather and consumer concern contributing to weaker retail sales.
Cash rate has a three in front the first time in two years, after the RBA cut interest rates by 25 basis points. But was the 112 times Michele Bullock mentioned "uncertain" a more important number.
The official cash rate has a three in front of it for the first time in two years, after the Reserve Bank cut interest rates by 25 basis points, as expected.
The Reserve Bank is widely expected to deliver a second interest rate cut as global trade uncertainty threatens to rain on Australia's economy.
An unexpected jump in employment has led the money market to pare back its hopes for further mortgage relief after a widely expected rate cut next week.
Labor and the coalition will spruik centrepiece policies announced at their respective campaign launches to win over voters in a critical week for the election.
An escalating trade war has slashed the odds of interest rate cuts for Australian mortgage-holders, including a potential mega cut weeks after the election.
The RBA's first rate cut since 2020 has buoyed consumers with the Westpac-Melbourne Institute consumer confidence survey posting a three-year high.
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