Oil mugs RBA forward guidance

Wednesday 11 September 2024

The RBA really should give up trying to predict the future. It doesn’t have the brain power for it.

After weeks of the central bank telling us on every occasion it will not cut rates this year, along comes an oil crash:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.