Toss a Coin to Your Witcher, Oh Wait, the RBA Didn't Cut Rates!

A Witcher's Lament: No Rate Cut in Sight

Medallion's hummin' just like my gut after a dodgy tavern stew. Seems the Reserve Bank of Australia bless their bureaucratic hearts decided to keep the interest rates perched at 3.85%. Now I've fought basilisks that were more predictable. All the fancy economists were expecting a cut – a tiny one mind you but a cut nonetheless. Guess they should've consulted a Witcher's senses instead. We usually know when something's about to go south. This time the stench of disappointment is thick in the air thicker than fog on a Nilfgaardian battlefield.

Dragons and Data: The Inflation Equation

The RBA claims they're waitin' for 'a little more information' to confirm inflation's headin' towards 2.5%. Sounds like they’re huntin’ a golden dragon but usin’ a rusty spoon. They mutter somethin' about the Consumer Price Index and how it was 'slightly stronger than expected.' Aye and I expected a peaceful night's sleep for once but destiny rarely cooperates does it?

Lower than the Underworld

Inflation dipped to 2.1% in May the lowest since October 2024. First quarter saw 2.4%. Good but that doesnt mean the RBA will cut the rates as they are greedy as a noonwraith at midnight.

Chalmers' Wail: A Treasurer's Lament

Then comes Jim Chalmers the Treasurer squawkin' on that infernal device what is it X? Sounds like a monster that needs slaying. He's bleatin' about how this move wasn't what millions were hopin' for. 'Substantial and sustained progress on inflation,' he says. Seems he's forgot the meaning of the word substance or progress. Politicians eh? Always a silver tongue but rarely any silver in the purse. They make me miss the simpler days of monster hunting.

Markets Take a Tumble Currency Gets a Kick

Right after the news the S&P/ASX 200 index took a tumble weaker than a ghoul after a week of fasting. The Australian dollar though got a bit of a kick. Currency markets more confusing than a sorceress's love life.

Slowdown Blues: The Witcher's Economic Forecast

Australia's battlin' a slowdown. Public spendin's shrinkin' folks are holdin' onto their coin tighter than dwarves to their gold and exports are weak. First quarter growth was 1.3% missin' the mark. So here's the forecast from yours truly: keep your swords sharp your potions brewed and your coin purse full. Times are tough and they might just get tougher. Now if you'll excuse me I've got a contract on a particularly nasty economic downturn... or maybe just a particularly nasty griffin. Same difference really.