From www.rossgittins.com: A small cut in interest rates is unlikely to significantly boost the economy or improve consumer sentiment, which has remained downcast due to ongoing concerns about the cost of living. T

he Reserve Bank is cautious about further cuts, having already raised rates substantially to normalize after the pandemic, and the current state of the job market contrasts with typical recession indicators.

Despite negative feelings among consumers, the economy is not in a recession, as unemployment remains low and employment rates are historically high.