Major week set to shake up election campaign

News.com.au - 29/03
Anthony Albanese and Peter Dutton will face key economic tests in the first days of the May 3 election campaign, as voters watch to see how they tackle cost of living issues.

Anthony Albanese and Peter Dutton will face key economic tests in the first days of the May 3 election campaign, as voters watch to see how they tackle cost of living issues.

The Prime Minister fired the starting gun for the five week election campaign on Friday, where cost of living will be the key issue for voters.

The first test will be on Tuesday when the Reserve Bank is expected to keep the official cash rate at 4.1 per cent, meaning mortgage holders are unlikely to get a rate cut until after the election.

Oxford Economics head of macroeconomic forecasting Sean Langcake said the RBA had been clear on what it was thinking.

“The RBA gave the market a clear signal in February that hopes for more rate cuts in the near future need to be tempered. We think that advice can be taken at face value.”

Michele Bullock is likely to hold rates in April. Picture: NewsWire / John Appleyard

While the February rate cut started to ease the pain for mortgage holders, the RBA board remains highly unlikely to offer homeowners a back-to-back rate cut.

This is despite data from the Australian Bu...
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