“Plenty of more stimulus back into the economy at a time when they are desperately trying to get prices down,” says Scott Phillips…about Australia.  This could be the “equivalent of 2–3 rate cuts.”

So interest rate relief in 2024 will be unlikely in Australia.  The United States also has their own stimulus coming through in 2024 of which the GDP growth effects could be more than anticipated, i.e., inflationary.  Likewise, would the Fed lower rates if the economy is humming along at a high rate from the recent stimulus acts?  The interview with Mr. Phillips almost sounds as if they are discussing the U.S. economy when substituting the word “stimulus” for “tax cuts”.