Original article by Matthew CranstonJack Quail
The Australian – Page: 4 : 9-Apr-25

The Reserve Bank of Australia is believed to have ruled out an emergency board meeting in response to the global financial market turmoil in the wake of the Trump administration’s tariffs policy. Former RBA governor Bernie Fraser has advocated bringing forward the next board meeting to reduce the cash rate by 50 basis points. However, the RBA is expected to retain its existing schedule, with its next board meeting to be held on 19-20 May. Harvey Norman’s chairman Gerry Harvey contends that a large interest rate cut is not necessary and would merely weigh on financial market and consumer sentiment.

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