The finance guru has given his prediction ahead of Tuesday’s interest rate decision and revealed the key “indicator” for rates to finally fall.
On Saturday, Mr Bouris posted a new video to his official Instagram account with economist Stephen Koukoulas where they shared their predictions for Tuesday’s decision.In June, the RBA opted to raise Australia's cash rate by 25 basis points and lifted the official rate to 4.1 per cent, its highest level in 11 years.
ANZ and Westpac now predict the RBA will hike rates in July and August. Picture: NCA NewsWire/Joel Carrett In explaining the reasoning for his prediction, Mr Bouris pointed to recent comments by RBA Deputy Governor Michelle Bullock. “The only reason I say it is because Michelle Bullock’s paper, out last Tuesday, talked about unemployment at four and a half per cent,” he said.
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