Donald Trump’s economic chaos hits outlook for Australia’s interest rates

News.com.au - 10/04
In Donald Trump’s “unpredictable” world, a lot can change in the span of 24 hours.

In Donald Trump’s “unpredictable” world, a lot can change in the span of 24 hours.

Just yesterday, economists were tipping a super-sized interest rate cut when the Reserve Bank of Australia board meets next month.

That significant expectation was based on the US president’s wild tariff war on much of the world, which was wreaking economic havoc.

But overnight, Mr Trump blinked and there will now be a 90-day pause on his announced tariffs.

“’Unpredictable’ is the word,” Shane Oliver, chief economist and head of investment strategy at AMP, told news.com.au.

“By the same token, I’m not surprised. Donald Trump is just so unpredictable that these things are par for the course.”

In the face of mounting pressure, US President Donald Trump has blinked and hit pause on hefty tariffs for 90 days. Picture: AFP

That level of significant uncer...
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