This is billed as a ‘Keynote speech’, and its at the Australian Financial Review’s Business Summit in Sydney.

Earlier today we had the minutes of the Bank’s February meeting, where it cut rates for the first time since late 2020:

• RBA rate cut in February – weight placed on downside risks to economy

CBA on what’s ahead:

• CEO of Australia’s largest bank expects RBA rate cuts not coming until later in the year

Yes, I can see their point, unless the global economy spirals down a trade-war induced black hole, of course, in which case earlier would be better.

This article was written by Eamonn Sheridan at www.forexlive.com.