Well, the Reserve Bank has hit pause, keeping interest rates on hold at four point one percent, in line with market forecasts. RBA Governor Michelle Bullock revealing the Bank is taking a cautious approach as global uncertainty continues to.

Well, the Reserve Bank has hit pause, keeping interest rates on hold at four point one percent, in line with market forecasts. RBA Governor Michelle Bullock revealing the Bank is taking a cautious approach as global uncertainty continues to.

Cloud economic outlook.

Cloud economic outlook.

Meanwhile, Donald Trump is set to unveil a wave of new tariffs, dubbing the moment Liberation Day for more, let's bring in Mark Burris, chairman of Yellow Brick ROGUEOD wanting to you, okay, the RBA, so they didn't even take into account the election being on the campaign being on what do you think will happen in the future of our interest rates?

Meanwhile, Donald Trump is set to unveil a wave of new tariffs, dubbing the moment Liberation Day for more, let's bring in Mark Burris, chairman of Yellow Brick ROGUEOD wanting to you, okay, the RBA, so they didn't even take into account the election being on the campaign being on what do you think will happen in the future of our interest rates?

Well, the RBA has been pretty clear, She was pretty quick clear yesterday that a number of issues are outstanding that she doesn't know whether or not inflation are going to go up or down as a result of the tariffs, which, by the way, Liberation Days tomorrow, the big announcement is tomorrow our time Liberation Day being a day that global tariff's going to be hit and we may well get hit. She doesn't know whether that means prices will go up in Australia, will go down in Australia, and as a result of that, she can't make call inflation, and therefore, as a result of not being able to make call inflation, she's not prepared to make call one interest rates.

Well, the RBA has been pretty clear, She was pretty quick clear yesterday that a number of issues are outstanding that she doesn't know whether or not inflation are going to go up or down as a result of the tariffs, which, by the way, Liberation Days tomorrow, the big announcement is tomorrow our time Liberation Day being a day that global tariff's going to be hit and we may well get hit. She doesn't know whether that means prices will go up in Australia, will go down in Australia, and as a result of that, she can't make call inflation, and therefore, as a result of not being able to make call inflation, she's not prepared to make call one interest rates.

Yeah, well, when we're sitting here thinking that, we think, well if she does, and no, we don't know anything, do we, So just on interest rates, when's your tip for another cut?

Yeah, well, when we're sitting here thinking that, we think, well if she does, and no, we don't know anything, do we, So just on interest rates, when's your tip for another cut?

Well, I definitely think there's going to be mistreat cut this year, two cuts. We're predicting two cuts. But I think importantly, I think in the main meeting, which is on about the seventeenth or eighth of May, they'll have the March quarter numbers. My guess is, and she said this, by the way, if she sees two quarters of low inflation that's not the headline inflation, but the underlowing inflation that is below three percent, she will consider a rate cut. Now, she's already done one rate cut and we've only had one quarter that was the December quarter. But I think the March quarter will also deliver to us a low inflation number, irrespective the tariffs, and I think at that point she'll be somewhat forced to reduce the.

Well, I definitely think there's going to be mistreat cut this year, two cuts. We're predicting two cuts. But I think importantly, I think in the main meeting, which is on about the seventeenth or eighth of May, they'll have the March quarter numbers. My guess is, and she said this, by the way, if she sees two quarters of low inflation that's not the headline inflation, but the underlowing inflation that is below three percent, she will consider a rate cut. Now, she's already done one rate cut and we've only had one quarter that was the December quarter. But I think the March quarter will also deliver to us a low inflation number, irrespective the tariffs, and I think at that point she'll be somewhat forced to reduce the.

Rates one more time at the may or.

Rates one more time at the may or.

The main meeting Okay, the main meeting. But as a writer and all that, like the big writer and all that, is that if this taro stuff affects us badly, she'll just pull back and just wait.

The main meeting Okay, the main meeting. But as a writer and all that, like the big writer and all that, is that if this taro stuff affects us badly, she'll just pull back and just wait.

Okay, so let's talk about the tariff stuff. What is it. It's happening in America. But how will it affect us?

Okay, so let's talk about the tariff stuff. What is it. It's happening in America. But how will it affect us?

Well, one way you can think of it. In the short it can affect us two ways, both inflationary and deflationery. So if China, for example, this is all directed at China from the US. If China, for example, is no longer to be able to send stuff into the US because their pricing is not competitive, one of the places they could be dumping it is here in Australia, which might mean we get deflationary pressures. In other words, prices come down here like cars, et cetera. Things could go down here as prices go down. But bear in mind, if China's not selling enough product, they're not going to be requiring as much as our resources, so we won't be exporting as much. So in the short term, potentially deflationary. In the medium to longer term or midterm to longer term potentially inflationary. So it's a problem. You don't know what's going on.

Well, one way you can think of it. In the short it can affect us two ways, both inflationary and deflationery. So if China, for example, this is all directed at China from the US. If China, for example, is no longer to be able to send stuff into the US because their pricing is not competitive, one of the places they could be dumping it is here in Australia, which might mean we get deflationary pressures. In other words, prices come down here like cars, et cetera. Things could go down here as prices go down. But bear in mind, if China's not selling enough product, they're not going to be requiring as much as our resources, so we won't be exporting as much. So in the short term, potentially deflationary. In the medium to longer term or midterm to longer term potentially inflationary. So it's a problem. You don't know what's going on.

Okay, what about people saying the US could go into recession, How will that affect our markets here, because it's all kind of connected.

Okay, what about people saying the US could go into recession, How will that affect our markets here, because it's all kind of connected.

Yeah, well, if US goes in recession, so will we, So the rest of the whole world will so. And by the way, we don't know what the retaliatory effects will be. So US increases their tariffs, Canada increases its tariffs, Mexico increases tariffs, China increases tariffs. Maybe we will too, I doubt it very much. UK increases its tariffs. So we've got a world of everybody sort of fighting a taro for and if we have something like a big tara for, the whole world will go into an inflationary cycle, and that inflationary cycle will just create a massive amount of problems. And in the US we're probably going to see as a result of Trump's doze program, a lot of people would get put out of work, so we could have major unemployment as well. So this is a really messy period, really messy.

Yeah, well, if US goes in recession, so will we, So the rest of the whole world will so. And by the way, we don't know what the retaliatory effects will be. So US increases their tariffs, Canada increases its tariffs, Mexico increases tariffs, China increases tariffs. Maybe we will too, I doubt it very much. UK increases its tariffs. So we've got a world of everybody sort of fighting a taro for and if we have something like a big tara for, the whole world will go into an inflationary cycle, and that inflationary cycle will just create a massive amount of problems. And in the US we're probably going to see as a result of Trump's doze program, a lot of people would get put out of work, so we could have major unemployment as well. So this is a really messy period, really messy.

Yeah, it doesn't sound good, and it doesn't sound good for us too, because you think we're a long way away from it, But we're really connected through our super funds, even if you're not directly invested in the stock market.

Yeah, it doesn't sound good, and it doesn't sound good for us too, because you think we're a long way away from it, But we're really connected through our super funds, even if you're not directly invested in the stock market.

Yeah, our super funds are so heavily invested in the Australian stock market that they have to now invest in global markets, and they are now investing in the US market, have been for some time. They're massive, our super funds, and they have to spread their investment diversify, so they go into the US. And if the U s stock market starts to feel some sort of pressure, then now super will go down, and of course the strains get very nervous.

Yeah, our super funds are so heavily invested in the Australian stock market that they have to now invest in global markets, and they are now investing in the US market, have been for some time. They're massive, our super funds, and they have to spread their investment diversify, so they go into the US. And if the U s stock market starts to feel some sort of pressure, then now super will go down, and of course the strains get very nervous.

Yep, Okay, thanks for trying to explain it.

Yep, Okay, thanks for trying to explain it.

Sure,

Sure,