Ausbiz – RBA holds fire
This morning, I joined Juliette Saly on Ausbiz to discuss the Reserve bank of Australia’s (RBA) surprise decision to hold rates at 3.85 per cent, despite earlier expectations of a cut. Governor Michele Bullock made it clear the RBA is prioritising quarterly data over monthly figures, citing volatility in the latter. With June quarter inflation data due at the end of this month the odds of a rate cut in August remain high.
Amid high valuations, volatility stemming from unpredictable Trump announcements, and growing concern around government indebtedness – we are seeing many investors flock toward asset classes like gold and bitcoin.
Outlook for the housing market looks tight as ongoing underbuilding and a focus on a ‘Big Australia’ persists – further contributing to a cost of living crisis and lack of a ‘fair go’ for younger Australians.
We also touched on the success of Nvidia and other companies that are riding the Artificial Intelligence (AI) wave. Perhaps this is reflective of a deeper shift in investor attitudes toward AI?
Chief Executive Officer of Montgomery Investment Management, David Buckland has over 30 years of industry experience.
David is a deeply knowledgeable and highly experienced financial services executive. Prior to joining Montgomery in 2012, David was CEO and Executive Director of Hunter Hall for 11 years, as well as a Director at JP Morgan in Sydney and London for eight years.
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