As ‘America First’ threatens US dominance, rate cuts loom but don’t bet on a double

A little more than a month off but, already, the calls are being made. Will the Reserve Bank of Australia deliver a single cut or, given the mayhem on global markets, opt for a double rate reduction? There’s almost no chance, at this stage at least, that rates will remain on hold in May. In fact, money markets appear to have priced in a series of back to back cuts for the next three meetings. Tariffs to drive more rate cuts in Australia Photo shows Michele Bullock at microphone at RBA press conference The new US tariffs have wreaked havoc…