Yellow Brick Road Home Loans Executive Chairman Mark Bouris says Australia could see a cut in interest rates next year.
“I think the RBA’s going to say, ‘look, inflation’s still not managed just because we have a bit of a scare overseas, we still haven’t managed inflation,” Mr Bouris told Sky News Australia.He said Australia will stay at 3.60 or 3.85 for a period of time just to “break the back of spending, and it’s quite resilient”.
“So I think it’s going to take like six to eight months to do that, then we should see rate reductions … I think sometime next year,” he said.
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