/ 05 February 2024

Money on my mind

Image source: Getty
Image source: Getty

New year, new Reserve Bank schedule… Our central bank will deliver its first interest rate decision of the year tomorrow – and for the first time, the board will hold part one of the meeting today with its monthly decision-making get-together now split over 2 days. It’s part of Treasurer Jim Chalmers’ overhaul of the way the Reserve Bank does business in response to an independent review. As for the substance of the meeting, analysts reckon rates will stay on hold after inflation dropped more than predicted in December. Also on the cards this week: legislation to amend the Stage 3 tax cuts. Yesterday, PM Anthony Albanese said he’s an “honest person” despite the backflip and hopes to have the changes finalised by Easter. With the Coalition and the Greens yet to declare their hand on support for the changes, it will be the topic of conversation as the Federal Parliament sits tomorrow for the first time in 2024…

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