RBA Cut Rates Due to Global Inflation: Paul Bloxham

The transcript discusses the Reserve Bank of Australia's (RBA) decision to cut interest rates, influenced by global low inflation and interest rates rather than weak domestic conditions. Concerns about reigniting a housing market boom are addressed, noting measures to cool the market. The conversation shifts to global economic trends, including disinflation and deflation, and Australia's adept monetary policy during the mining boom, which contributed to its economic success.

What factors are influencing the RBA's decision to cut rates?

Discuss the implications of low global inflation on domestic economic conditions in Australia.

What are the potential risks of a house price boom following the RBA's rate cuts?

How have the housing market measures affected house prices in Australia?

What role did monetary policy play in Australia's economic success during the mining boom?