“There are enough market alerts to suggest mixture demand is continuing to say no,” he argued. Like Looney Tunes’ well-known cartoon villain, the Reserve Bank risks running Australia’s economy over a cliff if it turns into too single-minded in its pursuit of the inflation Road Runner, writes Michael Janda. “If we’re right that the Australian economic system will soon take a flip for the more serious, rate cuts could be on the agenda as quickly as Q2 [April-June] 2024.”

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