The Reserve Bank’s interest rate policy looks to be slowing the economy, with unemployment spiking from 3.9% to 4.1% in January.
Is this the signal to get out the scissors and cut rates?
I’m heading home and writing this in Doha airport, where I’ve noticed European stock markets were up Monday. I like even a bit of positivity but while we’re stuck in this negative market trap, turn down the noise and get on with the day.
Being worried about the stock market is understandable, but there is light at the end of the tunnel. We’ve just got to get through the tunnel without freaking out.